ITC avial if he sale to composite schme dealor
Faheem Akram (802 Points)
17 July 2017
if ragisterd dealer sale to dealor of composite scheme so ragisterd dealer can avail ITC
Faheem Akram (802 Points)
17 July 2017
upasana gupta
(Finance Professional)
(3931 Points)
Replied 17 July 2017
If registered dealer purchase from composition scheme dealer then he can avail ITC but if composition daeler is purchasing from registered or unregistered dealer he can not avail ITC.
If you are selling to composition dealer then you are not eligible for ITC as ITC is calculated on purchases not on sale items
Shameem
(Job)
(242 Points)
Replied 18 July 2017
Shameem
(Job)
(242 Points)
Replied 18 July 2017
makkhan sharma
(203 Points)
Replied 18 July 2017
RAJA P M
("Do the Right Thing...!!!")
(127984 Points)
Replied 18 July 2017
| Originally posted by : makkhan sharma | ||
 |
UPASANA JI I THINK A COMPOSITION DEALER CANNOT CHARGE GST IN HIS INVOICE ,OTHERWISE SOMEONE CLAIM FOR ITC .READ AGAIN AND CLEAR IT . |  |
You are exactly correct Mr. Makkhan Sharma...
RAJA P M
("Do the Right Thing...!!!")
(127984 Points)
Replied 18 July 2017
Composition Dealer ll be issue Bill of Supply and Its not tax Invoice.
Registered Dealer ll be Purchased from Composition Dealer RD can't take/Claim ITC. Just he ll be loss his(RD) ITC
Faheem Akram
(802 Points)
Replied 19 July 2017
Shameem
(Job)
(242 Points)
Replied 19 July 2017
RAJA P M
("Do the Right Thing...!!!")
(127984 Points)
Replied 19 July 2017
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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