COMPOSITION DEALER/ COMPOSITION SCHEME


This query is : Resolved 

Quick Summary
This discussion clarifies the rules surrounding the composition scheme. It confirms that a dealer operating under the composition scheme is permitted to purchase goods from another dealer who is also under the composition scheme. Furthermore, there are no adverse consequences associated with such transactions.

24 February 2024 I have two queries related to the composition scheme as below:
1. Is one composition dealer allowed to purchase goods from another composition dealer?
2. Are there any adverse consequences on purchase by one composition dealer from another composition dealer?

25 February 2024 No issues, Composition dealer can purchase another composition dealer. No issues....

25 February 2024 Thanks a lot sir for your early reply

25 February 2024 You are most welcome Sir


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details