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Compounding dealer eligible?

N C Ramesh Rhaj (Proprietor) (14 Points)

13 July 2017

Please explain. Provision Store dealer sale a cosmetic and taxable goods. Same time he is sale a pappad and salt. Dealer eligible to compounding dealer?

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4 Replies

Shambhavi Mishra (2 Points)
Replied 13 July 2017

yes if aggregate turn over is below 75000

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CA. MITHUN KHATRY (CA IN PRACTICE) (370 Points)
Replied 13 July 2017

yes eligible but you have to pay tax on exempted items also

for deatils read https://gstbible.com/blog/goods-services-tax-gst-option-to-pay-tax-under-composition-scheme/ by CA Mithun Khatry

3bhu1 chavala (2 Points)
Replied 13 July 2017

As all of us are aware regarding the proposed big indirect tax reform in the country in the form of GST. Based upon the Model GST Law as issued by government, I hereby made efforts to cover detailed analysis on various subject matter of proposed GST Model Law in details for our readers. Today I am discussing about the composition scheme under GST regime.