Tax credit procedure
Vishal Sharma Lathe (1 Points)
08 June 2017Is he going to collect tax to his customer too.
Vishal Sharma Lathe (1 Points)
08 June 2017
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 08 June 2017
Any person registered under the composition scheme is not eligble to get benefit of Input Tax Credit.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 08 June 2017
No ITC allowed to composite dealer. He has to pay tax on a fixed rate on his turnover.
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 08 June 2017
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)