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Registration

vineet (b.com) (40 Points)

12 July 2017

i purchase from outside state and i pays freight charges then RCM is applicable to me can i then also opt for composition?

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15 Replies

CA Rashmi Gandhi (Chartered Accountant) (86298 Points)
Replied 12 July 2017

Opt for composition.

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Rounak Varshney (Business) (276 Points)
Replied 12 July 2017

Yes, you can opt for composition scheme. But following things kept in mind.

1. How much portion of your sale is of taxable goods and exempted goods becoz you have to pay tax on total turnover.
2. Non availability of ITC
3. Maintenance of inward and outward supply, stock (not in detail).

Everyone who wants to join composition scheme must do there cost benefit analysis before opting the scheme.

vineet (b.com) (40 Points)
Replied 12 July 2017

i m going for fresh registration and my opening stock includes interstate purchase and before no tax was levyed then also can i opt for composition

CA Rashmi Gandhi (Chartered Accountant) (86298 Points)
Replied 12 July 2017

No ypu can't opt for composition as per Rule 3(b) of Composition Rules.

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RAJA P M ("Do the Right Thing...!!!") (127580 Points)
Replied 12 July 2017

(i m going for fresh registration and my opening stock includes interstate purchase and before no tax was levyed then also can i opt for composition)
How you to Going fresh registration with Stock (inter State purchases). If inter State stock available only exciting tax registrant only. Then how you get inter State Stock...? or If have Intr stck then how you get fresh REG. it's only for migrated....

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vineet (b.com) (40 Points)
Replied 12 July 2017

sir i m a cloth merchant, befor gst no tax was leved and i always had interstate purchade

CA Pankaj Goel (Self Employed) (74 Points)
Replied 12 July 2017

you can not opt composition scheme. If u have stock purchased from inter state before 1st july, 2017 and transit to GST regime then you would not able to opt composition.

Sandeep Upadhyay (1518 Points)
Replied 12 July 2017

For inter state supply registration is mandatory

CA Rashmi Gandhi (Chartered Accountant) (86298 Points)
Replied 12 July 2017

Yes if you engaged in inter state supply you have to compulsorily get registered in GST.

MOHIT (CA final Student) (46 Points)
Replied 12 July 2017

Whethet registration is required if I am purchasing from other state and making intra state sale...my turnover is below the exemption limit...I am a retailer.

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CA Rashmi Gandhi (Chartered Accountant) (86298 Points)
Replied 13 July 2017

You have to compulsorily get register if you are engaged in interstate supply

Rounak Varshney (Business) (276 Points)
Replied 13 July 2017

No need to take registration in GST, if your doing intra state supply and turnover is below threshold limit, irrespective of the fact that you are purchasing from outside state.

However if you are engage in interstate supply then you have to take compulsory registration as per sec 24 of CGST Act.