ITC avial if he sale to composite schme dealor

ITC / Input 284 views 10 replies
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802 Points Joined July 2017
if ragisterd dealer sale to dealor of composite scheme so ragisterd dealer can avail ITC
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On 17 July 2017 at 23:37 Report
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4510 Points Joined July 2017

On Sale No Question arise 

Input Claim

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On 17 July 2017 at 23:40
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Finance Professional
3931 Points Joined May 2015

If registered dealer purchase from composition scheme dealer then he can avail ITC but if composition daeler is purchasing from registered or unregistered dealer he can not avail ITC.

If you are selling to composition dealer then you are not eligible for ITC as ITC is calculated on purchases not on sale items

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On 17 July 2017 at 23:41
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242 Points Joined August 2011
if registered dealer sells to any dealer will be eligible for inputs on his purchases. But composition dealer can not use ITC on purchases.
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On 18 July 2017 at 00:01
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242 Points Joined August 2011
if registered dealer sells to any dealer will be eligible for inputs on his purchases. But composition dealer can not use ITC on purchases.
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On 18 July 2017 at 00:01
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203 Points Joined May 2017
UPASANA JI I THINK A COMPOSITION DEALER CANNOT CHARGE GST IN HIS INVOICE ,OTHERWISE SOMEONE CLAIM FOR ITC .READ AGAIN AND CLEAR IT .
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On 18 July 2017 at 00:38
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
Originally posted by : makkhan sharma
UPASANA JI I THINK A COMPOSITION DEALER CANNOT CHARGE GST IN HIS INVOICE ,OTHERWISE SOMEONE CLAIM FOR ITC .READ AGAIN AND CLEAR IT .

You are exactly correct Mr. Makkhan Sharma...

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On 18 July 2017 at 19:06
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128116 Points Joined January 2015

Composition Dealer ll be issue Bill of Supply and Its not tax Invoice.

Registered Dealer ll be Purchased from Composition Dealer RD can't take/Claim ITC. Just he ll be loss his(RD) ITC

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On 18 July 2017 at 19:08
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802 Points Joined July 2017
i m not asking purchases
if RD sale to composite dealer so can he claim ITC
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On 19 July 2017 at 11:06
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242 Points Joined August 2011
Yes Registered dealer seller can take itc on his purchases but composition scheme dealer cannot take itc of purchases from regiatered dealer.
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On 19 July 2017 at 12:06
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
@ Faheem Akram.,
Please understand the View...
The Sales vide tax is your liability. It's never change at time of sale to RD / URD / RD Compo / End Users. You can issue invoices then you can pay tax to Govt after calculate your ITC.

Composition dealer can't take ITC and can't give taxable invoices....
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On 19 July 2017 at 15:17


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