Composition Dealer
jerrins joy (33 Points)
03 October 2020
whether Composition dealer will get Imput Tax Credit
3 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 03 October 2020
No it is one of the condition one need to follow while opting for composition is that one cannot claim ITC
Shivam RC
(Student)
(23683 Points)
Replied 03 October 2020
No Sir. Composition Scheme Dealer are not eligible to claim ITC.
As per the Provision of Section 10(4) of the CGST Act 2017 read with Section 17(5) clause (e) of the CGST Act 2017 [ BLOCKED CREDITS ], Composition Scheme dealers are strictly not allowed to claim ITC on GST paid on their inputs since they cannot charge any GST on their outward supply from their customers.
As per the Provision of Section 10(4) of the CGST Act 2017 read with Section 17(5) clause (e) of the CGST Act 2017 [ BLOCKED CREDITS ], Composition Scheme dealers are strictly not allowed to claim ITC on GST paid on their inputs since they cannot charge any GST on their outward supply from their customers.
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 04 October 2020
No, Composition dealer can not Claim ITC...
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