Can a composition dealer purchase goods from another composition dealer? Any tax implications? Will it effect composition scheme eligibility in any way?
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Gst composition scheme
Replies (8)
You can. No tax implication.
A CD can buy from a CD. Pay GST @ 1%. N credit if ITC. No mischief of Sec. 9(4). Will not affect CS eligibility.
No impact on composition scheme.
No credit of ITC.
is medical retail store is eligible for composite scheme
Yes medical store also opt composition scheme.
what is the tax rate in composite scheme for medicine retailer
1%...........
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