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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

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10 Replies

Ravi SADhiyan (Practice) (4510 Points)
Replied 17 July 2017

On Sale No Question arise

Input Claim

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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

if registered dealer sells to any dealer will be eligible for inputs on his purchases. But composition dealer can not use ITC on purchases.

Shameem (Job) (242 Points)
Replied 18 July 2017

if registered dealer sells to any dealer will be eligible for inputs on his purchases. But composition dealer can not use ITC on purchases.

makkhan sharma (203 Points)
Replied 18 July 2017

UPASANA JI I THINK A COMPOSITION DEALER CANNOT CHARGE GST IN HIS INVOICE ,OTHERWISE SOMEONE CLAIM FOR ITC .READ AGAIN AND CLEAR IT .

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RAJA P M ("Do the Right Thing...!!!") (128091 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...!!!") (128091 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

i m not asking purchases
if RD sale to composite dealer so can he claim ITC

Shameem (Job) (242 Points)
Replied 19 July 2017

Yes Registered dealer seller can take itc on his purchases but composition scheme dealer cannot take itc of purchases from regiatered dealer.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 19 July 2017

@ Faheem Akram.,
Please understand the View...
The Sales vide tax is your liability. It's never change at time of sale to RD / URD / RD Compo / End Users. You can issue invoices then you can pay tax to Govt after calculate your ITC.

Composition dealer can't take ITC and can't give taxable invoices....