if purchase goods from composition dealer will i get itc
13 Replies
CA Abhay Talati
(Chartered Accountant)
(22 Points)
Replied 22 July 2017
itc will be available only if u have paid tax as per tax invoice
Pradeep kumar
(Professional)
(82 Points)
Replied 22 July 2017
composition dealer not raise any tax invoice to you just he will issue a bill of supply, so your not paying any GST and same ITC also not available..
Sanjeev Bihani
(2 Points)
Replied 16 August 2017
IF WE PURCHASE FORM COMPOSITION DEALER WHAT ARE THE LIABILITIES OF TAX ON US
manja
(student)
(29 Points)
Replied 17 May 2019
Composition Dealer How Much to Pay Tax on there Purchase from Normal Tax Payer
if the normal tax payer have 18% or 28% of there gst rate
Pradeep kumar
(Professional)
(82 Points)
Replied 19 December 2019
Normal Rate. And even though as per law he cannot claim ITC paid by him. This is the limitations for composite dealer..
narendra
(Accountant)
(281 Points)
Replied 19 December 2019
Just to clarify further, if a supplier was NOT under composition scheme during any period within a given financial year (i.e. his status was regular) then for invoices issued during such period he should issue Tax Invoice for taxable goods and levy GST, which you can claim as ITC and which needs to be reported by the supplier as B2B or B2C sales in his GSTR-1 (B2B reportings will reflect in your GSTR-2A).
However, if the supplier mistakenly reports any sales as B2B along with tax figures in his GSTR-1 for the period when he was under composition. The invoice may reflect in your GSTR-2A, but it will NOT be part of auto-populated ITC figures as per Table 8A of your GSTR-9. It is obvious, that such ITC was wrongly reported by the supplier and therefore you should NOT claim/avail such ITC in your GST returns.
manja
(student)
(29 Points)
Replied 02 January 2020
Composition Dealer Should not Collect GST from buyers
he must pay 1% tax on his total sales
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