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Invoice under composition scheme

tarun natani (1 Points)

06 July 2017

I
nvoice is not available under composition scheme. if any one have pls send

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4 Replies

Pramod km (Accounts Manager) (22 Points)
Replied 06 July 2017

there is no any special type if invoice for composition scheme.only one tax invoice format

RAJA P M ("Do the Right Thing...!!!") (127542 Points)
Replied 06 July 2017

Composition dealer can issue BILL OF SUPPLY. Can't Invoice

1 Like

Pappu Kumar (4 Points)
Replied 06 July 2017

bill of suplay for composition scheme

Mohd Hahsim (64 Points)
Replied 07 July 2017

Confusion about GST Composition Scheme.

1: My Total Turnover ₹35 Lacs.

Soap, Spices, Biscuits etc ₹20 Lacs.

Atta, Salt, Loose rice etc (exempt items) ₹15 Lacs.

So what is tax liability in Compound. @ 1% 35000 or 2000

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2: on 30 June i have Soap, Spices, Biscuits etc Stock of ₹150000.

Atta, Salt, Loose rice etc (exempt items) ₹50000

There is no ITC Balance So am i liable? to pay tax according closing Stock on 30 June.