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Composition scheme

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ACCOUNTS MANAGER
2213 Points Posted on 08 July 2017

Dear All,

        What will be the benefits or drawback to remain under in Composition Scheme in gST?

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On 08 July 2017 at 18:12 Report
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78 Points Posted on 08 July 2017
Benefit is no need of tax collection. Only 1 quarterly return .

drawback: no input tax credit available

But it is not applicable to supply of service, interstate outward supply, electronic commerce operator
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On 08 July 2017 at 19:17
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ACCOUNTS MANAGER
2213 Points Posted on 08 July 2017

THANKS ...... ........... .........

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On 08 July 2017 at 19:35
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"Do the Right Thing...!!!"
128147 Points Posted on 08 July 2017
I agree to Mr. DIPESH JAIN.,
@ NARENDRA.,
And one more point., It is reflected your business. It means, RD can't ll be purchasing goods from you. Bcoz, They get loss on his ITC...
463 Reply
On 08 July 2017 at 19:50


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