banner_ad

Purchase from composition dealer

295 views 4 replies

How should we have to show in our books,if purchase from composition dealer? under zero rated purchase or particular tax rated head?

Replies (4)
The composition dealer is not allowed to charge gst on invoices, hence the question of itc does not arise. As the composition dealer has to pay tax on turnover basis.
Under purchase from composition dealer
When you buy from a composition dealer the purchase amount become the cost for the buyer
they will gives you bill of supply only
no reverse mechanism or input tax credit

Purchase from composite dealers do not attract GST


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details