Purchase returns
Vijay Mohan (637 Points)
20 September 2019Vijay Mohan (637 Points)
20 September 2019
CA Amrita Chattopadhyay
(Audit & Assurance)
(13459 Points)
Replied 20 September 2019
Composite dealer cannot claim Input Tax Credit for the purchase made. The GST paid will be treated as expenses. For the return of the goods, the money he gets back will be inclusive of GST