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Composition dealer

Indirect Taxation

.( 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

CA Final

★ 4K+

28-Mar-21 18:17

307

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.