purchase from unregistered dealer

Registration 235 views 2 replies
I m a registered dealer. if I purchased good from unregistered / composition scheme registered dealer and sale via tax invoice thn what will be tax/itc scenario for me.????
Replies (2)
I think u can't take benefit of input tax credit and u have to pay full gst of your sale. for example:-
any product u buy R's.90. and gst on the product is18% and your margin is R's 10. then your tax invoice total value will b rs118. ur gst liability will b R's 18.
as per my knowledge I explain u if I m wrong please tell me.
case 1 purchase from unregistered dealer
u hav to pay gst under reverse charge and u will get itc of that while discharging ur output tax

case 2 purchase from composite dealer
u wont get any otc on this purchase and py full tax on output supply


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register