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Composition dealer
Is there any change in law of composition dealer regarding their interstate sales?
Replies (6)
No... No more changes.
No Sir...
No such changes have been done in the CGST ( AMENDMENT ) Act 2018.
No such changes have been done in the CGST ( AMENDMENT ) Act 2018.
No more changes on Composition Scheme related rules.
no more changes
No there is no such changes & update in regard to interstate supply by composite dealer
Of late, there has been no changes. The latest changes were made in 23rd GST Council meet on 10th November 2017. Here are the important updates of the meet based on the press release.
Changes in Composition Scheme
- Composition scheme limit to be increased to Rs 1.5 crore (can be extended to Rs 2 crore later)*.
- 1 % GST rate for manufacturers & traders*.
- Composition tax of 1% on turnover of taxable goods (turnover of exempted goods to be excluded)*.
- Those supplying goods and services (services not exceeding Rs 5 lakhs in total) eligible for compositions scheme*.
- Composition Returns, GSTR-4 due date for the period July to September extended to 24th December 2017.
- Composition dealers cannot make inter-state sales. Input tax benefit not allowed
Hope it helps you
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