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composite scheme

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11 June 2017 can businessman taking advantages of composite scheme, issue tax invoice & receive tax invoice @ which is applicable on his business without cimposite scheme
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Suresh Mittal

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Suresh Mittal (Expert)
12 June 2017 Dealers paying Tax under composition scheme are not allowed to issue Tax Invoice as the credit on supplies made by them is not available to buyer. However they are supposed to make purchases only from registered dealers and get tax invoice. In case if they make purchases from unregistered dealer, they shall be liable to pay tax under reverse charge.
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prashant Kumar Singhpro badge (Querist)
13 June 2017 thanks sie
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