Can medicine wholeseller take composite scheme.If yes he can charge tax on bill ,when he sell to retailer how retailer will charge tax.Please make clear.
13 August 2017
ok if medicine wholeseller under composition scheme, sell to retailer whose is under regular scheme in GST,whether retailer charge from customer,as he purchase good from wholeseller who under composite scheme for which retailer has not paid any TAX.
13 August 2017
It's simple...
Retailer loss his ITC. Also he sell as taxable sales then ll be fall more liability... And also pay tax a huge amounts...
In My view...
Composition scheme is not good for all businesses. Definitely not good for B2B business....
very good say ,in this case no register retailer will not want to take from wholesaller.In case retailer is not register then i think there will be no problem.
13 August 2017
Sir, one more problem in this case i found many Retailer pharmacy donot have drug license,for which many medicine cannot be given to this retailer by wholeseller , if suppose given it is not been shown in bill, now in GST bill has to be issued for those medicine also.so whether wholeseller stop giving such medicine or is there any other way is there.
13 August 2017
Sir, one more thing what if wholeseller under composite schemed sell to retailer who is also under composite schemed.In this case rate of product will be increase or any things else.
14 August 2017
Sir, Actually thing is like that shop has been open in 2015, registration on gst is done on 8th august,In GST date on which liabilities to register arises shown there 1st july 2017.for that reason i have asked what will be in this case.
14 August 2017
Just login on GST website>click on return dashboard>return filing period.
Check if it show only august month then you have to file return from August..
CAclubindia
