IndigoLearn

Forums

Composition dealer

.( even if the composition dealer has to pay less tax to govt. But he pays to his supplier full tax which is charged on him from his pocket and doesn't take from customer).... the sentence in the bracket is what I understood about composition dealer please tell me if is it right....... also I have a question can a composition dealer charge MRP to his customer at GST is included in MRP


Gauri Shete

Gauri Shete

CA Inter

1K+

28-Mar-21 18:17

20

Answers (1)

Best Answer

Composition dealer will charge MRP from the customer. And pay 1% (e.g) out of it to the government. He will not take input tax credit. But indirectly whatever he pays to the supplier, will be charged from the customer.


Suraj Lakhotia

Suraj Lakhotia

Admin

29-Mar-21 15:30

Byte Size Modules
IL Pass percentages
Quote
Tally Free
Hiring
Refer
EMI
Lazypay
Past_Exams