COMPOSITION SCHEME

Option for opting out of composition scheme not yet started.....
Ok thanks Mam...
Mam but i can file Regular Return scheme and pay SGST CGST as per Regular Scheme or not
Yes you can....
Thanks Mam....
Welcome ........

Dear sir,

     You have not eligible if you lie below conditions.

           

  1. The person opting for the scheme must neither be a casual taxable person nor a non-resident taxable person.
  2. The goods held by him in stock on the appointed date must not be purchased from a place outside his state. The goods should therefore not be classified as:
  • Inter- state purchase
  • Imported Goods
  • Branch situated outside the State
  • Agents or Principal situated outside the State

3. Where the taxpayers deals with unregistered person, tax must be paid or no stock must be held

Composition Scheme Rules under GST
5. Mandatory display on invoices of the words ” composition taxable person, not eligible to collect tax on supplies”

6. Mandatory display of the words “Composition Taxable Person” on every notice and signboard displayed at a prominent place.

Hi
I have purchased Refrigerator for factory use in my factory can i get input credit....
Yes....
Hi Mam
my client is registered as Composition dealer
He is doing business of electrical items like fan n led lights and on same he is providing services of Fitting of that lighs n fan and he is getting service charges from his client... in that case he has to charge gst on service he is providing on fitting of that light n fans?

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