Hello
I am purchased something from composition dealer.
can anyone please let me know how can I take input for that.
Thanks.
2 Replies
Naga Upendra
(159 Points)
Replied 19 December 2020
No, you can't take itc on purchase from composite dealer
Shivam RC
(Student)
(23683 Points)
Replied 19 December 2020
Composition Scheme Dealers are required to pay GST out of their own pocket i.e. a percentage of their turnover. They cannot collect tax from the customers.
Therefore where no tax is paid by the Recipient on the Supply, the question of claiming ITC does not arises...
Therefore where no tax is paid by the Recipient on the Supply, the question of claiming ITC does not arises...
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