banner_ad

Compounding dealer eligible?

194 views 4 replies
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?
Replies (4)
yes if aggregate turn over is below 75000

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

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.
my all purchases are 18%and 12% and sale is of 5%, is I am eligible to get credit input on manufacturing of socks and Hosiery goods.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details