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Composition Scheme

akash gupta (Article) (18 Points)

02 July 2017

Can wholesale trader also take the advantage of composition scheme.

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9 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195732 Points)
Replied 02 July 2017

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

2 Like

Mohan Kumar (4 Points)
Replied 02 July 2017

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

innovative 123 (8 Points)
Replied 02 July 2017

sir in igst is there ANY tax return

akash gupta (Article) (18 Points)
Replied 02 July 2017

Means if we sold any goods outside the state, composition scheme will not applicable

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195732 Points)
Replied 02 July 2017

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

Inward purchase is only possible......

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195732 Points)
Replied 02 July 2017

@ 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