Petrol dealer can take composite scheme.
This query is : Resolved
Ashim kr Ray
(Querist)
16 August 2017
Sir,
Can A dealer who sale petrol, diesel an lubricant like mobil can take composite scheme.
Can A dealer who sale petrol, diesel an lubricant like mobil can take composite scheme.
CA R SEETHARAMAN
(Expert)
16 August 2017
No combined turnover including petrol diesel should not exceed 75 Lacs.
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Ashim kr Ray
(Querist)
17 August 2017
Sir ,
combine turnover including petrol diesel and lubricant is coming 3crore,but Sir, petrol and diesel is out of GST, whether we have to see the turnover of only Lubricant or depend on total turnover for GST composite scheme.
combine turnover including petrol diesel and lubricant is coming 3crore,but Sir, petrol and diesel is out of GST, whether we have to see the turnover of only Lubricant or depend on total turnover for GST composite scheme.
CA R SEETHARAMAN
(Expert)
17 August 2017
Total turnover has to be considered.
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Ashim kr Ray
(Querist)
17 August 2017
Sir,
One more thing that i have heard that if they bring product purchase from outside before july 2017. Thought turnover is less than 50Lak cannot opted for composite schemed is it true sir.
One more thing that i have heard that if they bring product purchase from outside before july 2017. Thought turnover is less than 50Lak cannot opted for composite schemed is it true sir.
CA R SEETHARAMAN
(Expert)
17 August 2017
Not true product purchase can be made from outside state.
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