No, a taxable person opting to pay tax under the composition scheme is out of the credit chain. He cannot take input tax credit on the supplies received.
(FAQ 38: MSME)
ॐ असतो मा सद्गमय
No, a taxable person opting to pay tax under the composition scheme is out of the credit chain. He cannot take input tax credit on the supplies received.
(FAQ 38: MSME)