Composition scheme

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Caanchal Rastogi (Querist)
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23 June 2017 A dealer on the appointed date having stock of goods purchased inter state, now he want to opt composition scheme, whether its claim may be rejected on the basis of opening stock consisted goods purchased inter state.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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23 June 2017 No it will not. You can also purchase from outside State in GST even you opted for composition scheme in GST Act.

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Caanchal Rastogi

Caanchal Rastogi (Querist)
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23 June 2017 what interpretation of rule 3(1)(b) of composition rule in context of my query

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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23 June 2017 Yes you cant opt. Not read that Sec. Thanks for information.

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Devansh Jain

Devansh Jain (Expert)
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24 June 2017 No you cannot opt if you have any stock of inter-state purchase as rightly pointed out the rule! Practically, the only way out is that if you similar purchase from within the state and there is no one-to-one linking of inward invoice & stock then you may will be able to justify to the department in any enquiry (which is a remote instance). Then u may go for composition...

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