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Bill under composition scheme

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Can we issue tax invoice while we have opted for the composition scheme

Replies (8)
No in composition scheme assesse have no right to collect tax from consumer

No, you can't issue tax invoice 

Conditions and Restrictions for Composition Levy

  1. The person opting for the scheme must neither be a casual taxable person nor a non-resident taxable person.
  2. The goods held by him in stock on the appointed date must not be purchased from a place outside his state. The goods should therefore not be classified as:
  • Inter- state purchase
  • Imported Goods
  • Branch situated outside the State
  • Agents or Principal situated outside the State

3. Where the taxpayers deals with unregistered person, tax must be paid or no stock must be held

Composition Scheme Rules under GST
5. Mandatory display on invoices of the words ” composition taxable person, not eligible to collect tax on supplies”

6. Mandatory display of the words “Composition Taxable Person” on every notice and signboard displayed at a prominent place.Composition Scheme Rules under GST7. He is not a manufacturer of such goods as may be notified by the Government during the preceding financial year

No you are supposed to issue Bill of Supply.

No in composition scheme you cannot issue tax invoice

Composition dealer can't issue Tax Invoice. He issue Bill of Supply for his Sales...

composition holder can purchase good from interstate

Yes. Composition dealer ll be purchase from Inter State.

But, Can't sell his goods to inter state sales

YES, @ MR PREM

RESTRICTIONS ON SALE NOT PURCHASE


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