Menu
inter state supplies
I purchased from Tamil nadu and I sell all the goods in my home state.is iam eligible for composition scheme
Replies (4)
Yes you are eligible.
but some of them said iam not eligible for composition scheme?
It is clearly mentioned in the act/rules that if a dealer is opting for composition scheme is restricted to make interstate supply. But there is no such restriction on purchase.
Also at the time of opting for composition scheme, your stock must not have centrally purchased material.But after opting you can purchase from other states.
Recent Threads
- Hardship compensation recd from builder (redevelop
- ITC CLAIM REGARDING EXPENSES
- Section 54 exmeption on under construction propert
- Taking too long to process ITR-2
- RCM or not
- AIS NOT OPEN
- ICICI BHARAT 22 FOF AND NASDAQ 100 FOF CAP GAIN TA
- Schdule BFLA and CFL Error regarding adjustment of
- CIRCULAR WITH RESPECT TO WAIVER OF INCOME TAX OUTS
- How does opting for 44AD impact speculative income
Related Threads
CAclubindia
