Composition scheme

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1 Points Posted on 07 July 2017
Is composition scheme available if there is purchase of goods inter state below 50000
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On 07 July 2017 at 17:06 Report
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MANAGER
1344 Points Posted on 07 July 2017

Yes, it is available.

In composite scheme you can make inter state purchases without any limit. However inter-state sales are not allowed.

Secondly, limit of 50 lakhs has been revised up to 75 lakhs (except for 9 states)

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On 07 July 2017 at 17:12
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122 Points Posted on 07 July 2017
But sir, as per section 10, stock held on appointed day should not include purchase from inter state.
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On 07 July 2017 at 19:18

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