Gst composition scheme for cloth dealer
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2017
I want to know unregistered cloth dealers hold stock (Inter state Purchases) can opt Composition Scheme under GST.
Second is, if such purchases exempt from VAT than what tax rate levy on such stock (Composition rate or normal rate)
RCM levy or not on such Stock.
Details of such stock if not required to disclosed under composition scheme than what happend.
plz provide such detail.
Second is, if such purchases exempt from VAT than what tax rate levy on such stock (Composition rate or normal rate)
RCM levy or not on such Stock.
Details of such stock if not required to disclosed under composition scheme than what happend.
plz provide such detail.
CA Rashmi Gandhi
(Expert)
23 July 2017
As per Rule 15(1)(b), If you have stock of goods purchased from Interstate Purchase then you can't opt Composition Scheme .
CA Rashmi Gandhi
(Expert)
23 July 2017
Normal rate applicable...,....
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