Composition Scheme

257 views 9 replies
Can wholesale trader also take the advantage of composition scheme.
Replies (9)

Yes........... if all other conditions satisfy.......... like turnover, intrastate sales.....

sir in kvatwe are purchasing one product 100+14.5%
in gst
it 100+28%
then how is rate coming down the end user always purchasing including tax only then what is the profit for gst to the end customer
sir in igst is there ANY tax return
Means if we sold any goods outside the state, composition scheme will not applicable

@ Akash gupta:         Yes.... Dealer under composition cannot supply interstate....

                                   Inward purchase is only possible......

@ MohanKumar:   You have taken only VAT part, but many other indirect taxes like excise which you had been paying on the goods are totally included in GST 28%. So, net what you were paying as KVAT 14% and excise+ octroi + cess would be around 30% or more which whole gets stabilized to 28% 'One India One Tax'  Read more: How-gst-will-bring-benefits-for-all

@ Innovative 123: Yes, all registered dealers will be required to file returns.  

  • There will be a common e-return for CGST, SGST, IGST and Additional Tax.

For more details refer:

sir pls give details

Will-it-help-cut-prices/story : Click on the links:  Cheaper-costlier-impact-gst-tax-india-common-man

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details