When A regular dealer purchase goods from a composition dealer and sale these goods to consumer
He liable for tax ??
If liable than how many tax paid by him
When A regular dealer purchase goods from a composition dealer and sale these goods to consumer
He liable for tax ??
If liable than how many tax paid by him
No, you can't get ITC in this case, composition dealers are only allowed to give bill of supply.
If u buy goods from a composite dealer, you cannot take ITC because the party is not alloweded to issue tax invoice, however you need not to pay GST on RCM for the composite dealing. Shortly NO RCM and NO ITC for Composite dealings
Naveen Fintech Pvt Ltd
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Gupta Sachdeva & Co. Chartered Accountants
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