composition for small retailers

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NANDAN (Querist)
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24 June 2017 dear sir/madam, More of the small retail business are have exempted goods like Rice, ayta and other food items, then how they can opt for composition?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 June 2017 Combined turnover of exempted goods and taxable goods turnover should not exceed 75 lacs. They can opt for the composition scheme.

NANDAN

NANDAN (Querist)
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24 June 2017 but as per gst rule, if dealer have non taxable goods or exempted goods they are not eligible for composition.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 June 2017 Provide link for such rule.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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24 June 2017 No provision is there for non opting of composition scheme in case of exempted goods.

NANDAN

NANDAN (Querist)
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24 June 2017 Terms and Conditions to opt for composition Composition scheme will be available for all businesses registered under single PAN. A Supplier is required to opt composition scheme for all business registered under his PAN.Supplier shall not be engaged in making interstate outward supply.Supplier shall not be engaged in making any supply of goods which are not leviable to tax under GST Act.The supplier shall not make any supply through e commerce operator.

NANDAN

NANDAN (Querist)
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24 June 2017 as per Vikas modi' s article on 16 jun

NANDAN

NANDAN (Querist)
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24 June 2017 plz read from 6th line

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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24 June 2017 The person exercising the option
to pay tax under section 10 shall comply with the following conditions, namely:-
(a) he is neither a casual taxable person nor a non-resident taxable person;
(b) the goods held in stock by him on the appointed day have not been purchased
in the course of inter-State trade or commerce or imported from a place outside India
or received from his branch situated outside the State or from his agent or principal
outside the State, where the option is exercised under sub-rule (1) of rule 3;
(c) the goods held in stock by him have not been purchased from an unregistered
supplier and where purchased, he pays the tax under sub-section (4) of section 9;
(d) he shall pay tax under sub-section (3) or sub-section (4) of section 9 on inward
supply of goods or services or both;
(e) he was not engaged in the manufacture of goods as notified under clause (e) of
sub-section (2) of section 10, during the preceding financial year;
(f) he shall mention the words “composition taxable person, not eligible to collect
tax on supplies” at the top of the bill of supply issued by him; an

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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24 June 2017 Its from Final composition rule & there is nothing like that.

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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24 June 2017 Even those who are exclusively dealing in exempted goods are not required to get registered.

NANDAN

NANDAN (Querist)
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24 June 2017 ok thank you....

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