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composition dealer u/s 10, Goods and Services Tax - GST |
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composition dealer u/s 10 |
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whether composition dealer can purchase goods from another composition dealer or not. if yes what will be the effect of that transaction in the hand of recepient composition dealer? Posts / Replies Showing Replies 1 to 7 of 7 Records Page: 1
There is no such restriction. Restriction is regarding inter State sale.No adverse effect. Both buyer and seller cannot take ITC.
You are correct sir
Yes a Composition Scheme Dealer enjoy buying from another dealer but under reverse charge mechanism if goods purchase value is 5000 on per day basis from that particular dealer
A person opting for composition levy can purchase goods from another person opting composition levy. There is no effect in the hand of recipient of the person opting for composition levy.
In my view if a composition dealer purchases from another composition dealer, then there is tax to be paid by recipient of goods or service under reverse charge.
agree with Mr Govindarajan
Yes it has no impact both. Could not take itc Page: 1 Old Query - New Comments are closed. |
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