How can a composition dealer return goods purchased from other state?
Replies (2)
Quick Summary
This discussion addresses how a dealer under the composition scheme can handle returns of goods purchased from another state. While the sale value is key for the composition scheme, purchase ITC is not available. If interstate transactions are involved, it's often necessary to convert to the regular tax category. The process may involve using a delivery challan, invoice copies, and debit notes for claiming refunds.