Explain by giving brief reasons in the context of provisions contained under the CGST Act, 2017 pertaining to composition scheme : (i) Can a registered person, who purchases goods from a supplier paying tax under the Com
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2019
Explain by giving brief reasons in the context of provisions contained under the CGST Act, 2017 pertaining to composition scheme : (i) Can a registered person, who purchases goods from a supplier paying tax under the Composition Scheme, avail credit of tax paid on purchases made from the composition dealer?
Answer & Explanation:
No, as the composition dealer cannot collect tax paid by him on outward supplies from his customers, the registered person making purchases from a taxable person paying tax under the composition scheme cannot avail credit of tax.
Topics: CGST Act, 2017
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