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Composition scheme
A registered dealer manufacturerd goods worth of 20lak for a year.. (turnover 30lak.by selling. Same goods to dealer) So as per composition scheme limit his turnover <50k..so he is eligible to composition scheme.. And paid gst based on that.. Next he sold the goods to 30lk to a dealer and dealer sold it to retailer for 40laks..that's dealers turnover.. Again it is <50k..so dealer is also eligible for composition scheme.. Is this is assumption is right or wrong?? Will manufacturer n dealer are eligible to opt composition scheme?
Replies (3)
Composition scheme opted person to person so the above transaction not invalidate manufacture & dealer to opt under GST
Hence both opt for composition scheme.
Hence both opt for composition scheme.
So if same happen govt will loose money na..???
For example there is a provision in gst.. If two r more businesses are there in same state.. Treat each as different businesses.. If dealer does the same by establishing two or more businesses n each business having turnover of below 50L, in all such cases he is eligible for composition scheme.. So payment of tax will be lower.. Such that Govt may lose revenue na
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