Composition applicable or normal scheme

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2017 Dear Sir / Madam,

one of my client is having sarees business , having turn over of less than 20 lakhs,
how ever he previously purchased stock from other state, now he is eligible to opt for composition scheme or nt
he has stock of Rs 6 lakhs which is inter state purchase, he is eligible for composition or not and if yes how can he sale the stock of rs 6 lakhs by charging 1 % or normal sale .

please guide me.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

22 July 2017 Not eligible to opt composition scheme. Please see rule 5(1)(b) of Composition Rules.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2017 sir, in case if he has stock of Rs 01 laksh which is inter state purchase , thn he is eligible or not for composition scheme.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

23 July 2017 Not eligible to opt composition.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ishwar Radhakisan Tawani

DHANASHRI KARMARKAR

Aakash Kumar

RAGHUNATH KASIBHOTLA

Sunder Sadani

Subscribe Now

Composition applicable or normal scheme

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant