Composition rule confusion

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2017 dear experts help me
i am registered under gst i have gst no
now i want to convert to composition
but my CA telling u cant go to composition gst
because i am having some 20k rs inter-state purchase raw material stock
and currently 1st quarter vat return i have not filed yet
whats the way 2 get optioned into composition scheme as CA is telling u cant because of inter-state purchase
but why other business have converted o composition ?
my turnover is 15 to 20 lakhs only

is this true i cant opt for composition or CA is fooling me to remain in normal gst ?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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18 July 2017 No CA is saying correct. You can issue back date invoice in June of such stock or sale it to some related firm on back date.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2017 so after showing stock used up i can opt for composition
but what rule says here
3. Conditions and restrictions for composition levy
(1)
The person exercising the option to pay tax under section 10 shall comply with
the
following conditions:
(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 1;

what does this sub-rule 1 of rule 1 says then i am confused ? why this rule if i am having inter state purchase then

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