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Composition scheme

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Qualified Chartered Accountant
32 Points Posted on 01 August 2017

Respected All,

I have 2 Question regarding Bill of supply issued by Composition Dealer.

Is it necessary for a composition dealer to show HSN Code in his invoice as his turnover is below Rs 75 Lacs?

Whether A composition dealer can issue invoice in triplicate form(Original, Duplicate & Triplicate) or only in a single form?

Please guide.

 

 

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On 01 August 2017 at 19:12 Report
Replies (6)
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Accounts & Tax Consultant
206 Points Posted on 01 August 2017
1. HSN code not mandatory for turnover below 1.5 CR. You don't need to mention HSN code on the invoice.
2. You can issue invoice in triplicate as per your choice. no issue at all.

mob 9883087539
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On 01 August 2017 at 20:12
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Proprietor
4869 Points Posted on 01 August 2017
no need of hsn
u can issue in triplicate also
18 Reply
On 01 August 2017 at 20:12
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Qualified Chartered Accountant
32 Points Posted on 01 August 2017

Thanks a lot 

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On 01 August 2017 at 20:19
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2 Points Posted on 01 August 2017
i have one question is if the delar is taken the composition scheem is he bill those dealer whom turn over is more than 5 cr without hsn code
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On 01 August 2017 at 20:47
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Accounts & Tax Consultant
206 Points Posted on 01 August 2017
you can issue bill of supply to anyone without HSN code till your turnover exceed 1.5 CR.
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On 01 August 2017 at 21:08
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Proprietor
4869 Points Posted on 01 August 2017
yes totally agreed
18 Reply
On 01 August 2017 at 21:11


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