Chartered Accountants, practicing CA’s, students and related industry professionals may connect with users of similar interests. To raise and discuss issues related to finance and taxation. The objective of this group is to address concerns and bring out feasible solutions for making a strong communication network for all related audience.

Composition scheme

1 reply, 2 voices Last updated by ashu pandey 1 week, 1 day ago
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  • #6126

    meenakshi gupta
    Participant
    @meenakshigupta1

    If I am paying tax under the composition scheme. Can I avail ITC on my inward supplies?

    #6130

    ashu pandey
    Participant
    @ashupandey

    No. A taxable person opting to pay tax under the composition scheme cannot take credit on his inward supplies.

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