if a dealer having stock purchased from other States as on 30th june 2017 .
he can opt Composition or not?
if he sold all stock before 30th june 2017 then what are the options available registration?
composition scheme
threshold limit 75 lakhs
1- not available for services expect restraunt and dhabas
2-also not available for inter state supply
3- no ITC , no tax collection
1-for manufecturer- agrigate turnover ' s 2%.... cgst 1%+sgst 1%
2-for traders - agrigate turnover's 1% ... cgst.5%+sgst.5%
3- for restrau and dhabas 5%.... cgst 2.5%+sgst2.5%
CAclubindia
