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Composition scheme

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student
103 Points Posted on 23 September 2017
What is the advantage of a composition dealer ?? He has to pay at normal rates while purchasing goods and while selling he cannot collect tax & pay to govt out of his pocket. Either way he is only paying.. Then what's the advantage.. ?? Kindly help any1..
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On 23 September 2017 at 23:49 Report
Replies (5)
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Consultant
1074 Points Posted on 24 September 2017
Tax compliance is less.
1. file quarterly returns
2. need not maintain stock register.
2 Reply
On 24 September 2017 at 00:28
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"Do the Right Thing...!!!"
128152 Points Posted on 24 September 2017
Yes. Above said two options only for the advantage. Otherwise no...

in my view.,
Till date I'm not recommend composition scheme to anybody...
1 Reply
On 24 September 2017 at 06:30
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Tax Consultant
894 Points Posted on 24 September 2017
we also suggest regular scheme, because under composition scheme input credit of gst is not available
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On 24 September 2017 at 11:15
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Accountant
22 Points Posted on 24 September 2017
required bill format under composition dealer of Gst
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On 24 September 2017 at 11:53
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Consultant
1074 Points Posted on 24 September 2017
Composition dealer will issue bill of supply. you can search on web format is easily available
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On 24 September 2017 at 16:25


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