why the ITC not applicable to the
composition dealer?
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ITC to composition dealer
Replies (2)
COMPOSITION DEALERS CAN'T USE INPUT TAX CREDIT AS HE/SHE OPT FOR COMPOSITION AND PAY TAX @ 1% AND NOT EVEN ON ACTUAL SALES
SO ITC IS NOT AVAILABLE ON PURCHASES BILLS
They have to pay concessional rate of only 1% on their turnover
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