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Gst composition scheme

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PARTNER
21 Points Posted on 05 July 2017

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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On 05 July 2017 at 21:08 Report
Replies (8)
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Chartered Accountant
86505 Points Posted on 05 July 2017
You can. No tax implication.
814 Reply
On 05 July 2017 at 21:17
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Superintendent
86 Points Posted on 05 July 2017
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.
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On 05 July 2017 at 21:17
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Chartered Accountant
86505 Points Posted on 05 July 2017
No impact on composition scheme.
814 Reply
On 05 July 2017 at 21:18
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Superintendent
86 Points Posted on 05 July 2017
No credit of ITC.
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On 05 July 2017 at 21:18
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10 Points Posted on 05 July 2017
is medical retail store is eligible for composite scheme
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On 05 July 2017 at 21:23
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Chartered Accountant
86505 Points Posted on 05 July 2017
Yes medical store also opt composition scheme.
814 Reply
On 05 July 2017 at 21:28
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10 Points Posted on 05 July 2017
what is the tax rate in composite scheme for medicine retailer
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On 05 July 2017 at 21:43
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Chartered Accountant
86505 Points Posted on 05 July 2017
1%...........
814 Reply
On 05 July 2017 at 22:54


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