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Composition scheme

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24 June 2017 An assessee is a retail trader in gujaray who purchase goods from other state say maharastra but sold goods in gujarat only. Stock held by him is purchased from other state. Can he take registration under composition scheme.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
24 June 2017 No he cant. If there is in stock goods purchased from outside State then you can't opt for composition scheme.
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