Regarding opting of composition scheme

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ANAND (Querist)

17 July 2017 THESE ARE SOME ISSUE WHICH ARE AS FOLLOWS
1. One dealer was doing the business of cloth material and sarees which was not liable to tax under vat act , he had been brought goods from out of state as well as int the state , some goods was purchased without invoice or some was with invoice but tax was zero. . he had stock of rs 14 lakh on 30 june . Now under GST he wants to opt composition scheme . then weather he can opt scheme or any tax liability will attract.
2. Any dealer having 2(,two,) registered firm under VAT and usuelly purchases goods from out of state and with in state . on 30 june he had stock in firm A rs 10 lakh and in B 15 lakh , now for opting composition scheme it has condition that the assessee must not have good purchased from out side the state , hence weather it is possible the sell the goods to the internal business A and B , claim respective output and input under vat act paid the o/s vat liability and under gst he opt the composition scheme by showing that there is no any goods purchases grom out side the state .

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

17 July 2017 1. He can opt if there is no goods in stock purchased from outside State.. 2.You can not do ao as both register under same PAN. Its better to transfer to some other fir..

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