banner_ad

composition scheem

273 views 8 replies
User Avatar

50 Points Posted on 13 July 2017
I am registered under vat sale all vat free item .under the gst all items under the gst tax.if I option composition scheem in gst can I pay any tax on my stock I hold on 30 june
Reply Share Follow
On 13 July 2017 at 17:04 Report
Replies (8)
User Avatar

Consultant
204 Points Posted on 13 July 2017

Upon sale Gst to be paid at rate applicable to your product.

Reply
On 13 July 2017 at 17:21
User Avatar

50 Points Posted on 13 July 2017
I have 500000 closing stock of saree .gst rate is 5% .so I pay 25000 for composition scheem and another 1 % on sale.
Reply
On 13 July 2017 at 18:01
User Avatar

50 Points Posted on 13 July 2017
I have 500000 closing stock of saree .gst rate is 5% .so I pay 25000 for composition scheem and another 1 % on sale.
Reply
On 13 July 2017 at 18:01
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 13 July 2017

Yes... Mr. Sanjay.,

You can opt composition then you ll be pay your Transaction based Tax to Govt for every Quarter

463 Reply
On 13 July 2017 at 18:13
User Avatar

50 Points Posted on 13 July 2017
One time on opning stock or quarterly
Reply
On 13 July 2017 at 18:19
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 13 July 2017

Don't be Wrongly mentioned. You can't pay your opening stock.

You can pay you selling goods only. It's every 3months you ll be pay as per your quarterly Turn over.....

463 Reply
On 13 July 2017 at 18:36
User Avatar

50 Points Posted on 13 July 2017
So it's clear I go with composition scheem and no pay on my opening stock pay only composition levy 1% on my quarterly sale.
Reply
On 13 July 2017 at 19:10
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 13 July 2017

yes... you can.....

463 Reply
On 13 July 2017 at 19:19


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details