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
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Itc when purchase from a composition dealer
Replies (4)
A regular dealer is liable to pay tax at normal rate applicable on goods
composition dealer is not allowed to give tax invoice
so if registered person buys goods from Composition scheme dealer then he will not get ITC
when registered person sells the goods to other then he will charge on the transaction value at applicable rates(like6, 12,18 etc)
so if registered person buys goods from Composition scheme dealer then he will not get ITC
when registered person sells the goods to other then he will charge on the transaction value at applicable rates(like6, 12,18 etc)
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
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