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how to deal in Trading when purchase form Composite scheme dealer, Goods and Services Tax - GST |
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how to deal in Trading when purchase form Composite scheme dealer |
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Dear Experts, how to deal in Trading when purchase form Composite scheme dealer ? Shall we collect tax on sale of particular products which were bought from Composite scheme dealer ? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Yes, you have no scope to take ITC. Every supply under sec 7 with a consideration subject to sch. I and Ii should be chargeable to gst.
Purchases made from Composition dealer are not GST paid goods but are exempted goods. Am amount of 1 % or 2 % paid by the Composition dealer is not GST but an amount to be paid by Composition dealer from his own pocket. Page: 1 Old Query - New Comments are closed. |
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