Composite dealer purchase

347 views 9 replies

Shiv Singla

10 Points Joined July 2017

can composite dealer purchase from interstate regular dealer or not??
if yes then how and on what rate ??
how tax liability will be calculated .

Replies (9)

Anmol Singla

808 Points Joined October 2015

I think composite dealer can make interstate purchase but not inter state sale
not very sure

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Yes....
Composition Dealer can purchase from Inter State. No more restriction for Purchases by Composition Dealer...

No more changes for the Rate of Tax as per Supplies...

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

composition dealer is also a registered dealer , only he cannot collect & charge tax

Mukesh Kumar

Accounts Manager

1466 Points Joined August 2013

Q:can composite dealer purchase from interstate regular dealer or not??

A: YES

Q: if yes then how and on what rate ?

A: PURCHASE DIRECT FROM DEALER AND TAX RATE AS PER CGST ACT

Q: how tax liability will be calculated .

A: IGST AS PER COMPOSITETION CGST RATE 1%/2%/5%

as per my personal opinion, composition dealer can purchase from Interstate dealer...

it is my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: it is not Professional Advice...

Shiv Singla

10 Points Joined July 2017

there is confusion in answer given by Mukesh Kumar

i know . that composition dealer will pay 1,2,5pert but my query was , tax rate on purchase will be same rate or consessional rate .

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

No more Consessional rate... All over India Tax rate is same for Goods and Services Tax. You can buy as per goods rate. After You can Sell and pay based Your tariff rate...

Mukesh Kumar

Accounts Manager

1466 Points Joined August 2013

Sir

(i know . that composition dealer will pay 1,2,5pert but my query was , tax rate on purchase will be same rate or consessional rate . )

tax rate on purchase will be norwal rate and but not itc avail and if inward from URD RCM applicable (hold RCM up to 31.3.18)

S ELAVARASI

ACCOUNTANT

2975 Points Joined August 2017

Originally posted by : Mukesh Kumar

Sir

(i know . that composition dealer will pay 1,2,5pert but my query was , tax rate on purchase will be same rate or consessional rate . )

tax rate on purchase will be norwal rate and but not itc avail and if inward from URD RCM applicable

(hold RCM up to 31.3.18)