Menu
ITC avial if he sale to composite schme dealor
if ragisterd dealer sale to dealor of composite scheme so ragisterd dealer can avail ITC
Replies (10)
On Sale No Question arise
Input Claim
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
if registered dealer sells to any dealer will be eligible for inputs on his purchases. But composition dealer can not use ITC on purchases.
if registered dealer sells to any dealer will be eligible for inputs on his purchases. But composition dealer can not use ITC on purchases.
UPASANA JI I THINK A COMPOSITION DEALER CANNOT CHARGE GST IN HIS INVOICE ,OTHERWISE SOMEONE CLAIM FOR ITC .READ AGAIN AND CLEAR IT .
| 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...
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
i m not asking purchases
if RD sale to composite dealer so can he claim ITC
if RD sale to composite dealer so can he claim ITC
Yes Registered dealer seller can take itc on his purchases but composition scheme dealer cannot take itc of purchases from regiatered dealer.
@ 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....
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....
Recent Topics :
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
Related Topics :
CAclubindia
