inter state sale
fan of sandeep maheswari sande (123 Points)
18 August 2018
a composition person make inter state outward supply
3 Replies
fan of sandeep maheswari sande
(123 Points)
Replied 18 August 2018
in the case, a composition person made interstate supply and recipient receive the bill then what the penalty for that
Vinod Babu
(24196 Points)
Replied 19 August 2018
The composition scheme is only available to GST registrants operating within a single state. And currently paying taxes at a subsidised rate.
As per law, as soon as you make the interstate sale, the composition benefits cease to exist and you are now liable to the standard tax rate.
Now, the total amount payable shall be in accordance with Section 66/67, which would require you to pay higher taxes and a penalty may also apply. All traders must, therefore, be wary before making such deals.
As per law, as soon as you make the interstate sale, the composition benefits cease to exist and you are now liable to the standard tax rate.
Now, the total amount payable shall be in accordance with Section 66/67, which would require you to pay higher taxes and a penalty may also apply. All traders must, therefore, be wary before making such deals.
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