Composition dealer
MOHD SHAFI (37 Points)
22 December 2018
Is there any change in law of composition dealer regarding their interstate sales?
6 Replies
Shivam RC
(Student)
(23683 Points)
Replied 22 December 2018
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.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 22 December 2018
No more changes on Composition Scheme related rules.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 23 December 2018
No there is no such changes & update in regard to interstate supply by composite dealer
Amit Kr Mishra
(Accounts Professional (M/s Siddhi Vinayak))
(29 Points)
Replied 23 December 2018
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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