Composition scheme
This query is : Resolved
Amit Agarwal
(Querist)
13 July 2017
What if a person is a registered dealer(not composition) under VAT and want to register under composition scheme in GST but have stock purchased from another state(ie CST purchase) on 1st july , can I be able to take benefit of composition, if not, than is there any way to make eligible my self for composition.
Secondly my brother who was engaged in saree retail business(not taxable under VAT so not registered under VAT) wants to register under composition scheme (as now textile is taxable) , but having stock of saree (non taxable item under VAT)purchased from another state
Secondly my brother who was engaged in saree retail business(not taxable under VAT so not registered under VAT) wants to register under composition scheme (as now textile is taxable) , but having stock of saree (non taxable item under VAT)purchased from another state
Amol S Joglekar
(Expert)
13 July 2017
1. interstate inward supply (purchase) is NOT a problem for composition. If you have interstate outward supply (Sale), then you can NOT go for composition.
2.your brother can register under gst. he can avail composition
2.your brother can register under gst. he can avail composition
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
