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interstate purchase under composition scheme
can anyone tell me in specificly manner how can a person who is in under composition scheme purchase from outside..and what law is saying..I was reading it says u if u want to register under composition scheme u should not have outside purchase on appointed date..what is this if he can purchase from outside after coming under composition scheme..plz help me..I will be thankful
Replies (13)
If you are opting under composition scheme you dont have any stock purchased from outside State.
However you will purchase from outside state after registration under composition in GST
However you will purchase from outside state after registration under composition in GST
thanks..madam I know it..but I don't know why there is confusion about it..
again thnks madam for reply
Its confirmed.Refer Clause c of Sec(10)(2)
But some suggest that paying under RCM on old interstate stocks can opt
No.
You can opt after paying on stock purchased from unregister dealer.
You can opt after paying on stock purchased from unregister dealer.
This suggestion is given buy one of the core member of this club Mr s Amol Joglekar
You can refer Rule 3(b) & 3(c) of composition rules for more clarification.
GST Deptt clearly mentioned in rules that person having interstate stock cant opt for composition scheme.
/experts/details.asp?mod_id=2511224
Yes. I agreed to CA Rashmi Gandhi....
@ Kapil.,
Just above said reply by Rashmi Mam...
Inter State Stock : If you purchased from inter State on previous Tax regime. Then can't available...
If not you don't have any stock above way then you can opt composition scheme. After you can purchase from inter state as composition dealer....
Just above said reply by Rashmi Mam...
Inter State Stock : If you purchased from inter State on previous Tax regime. Then can't available...
If not you don't have any stock above way then you can opt composition scheme. After you can purchase from inter state as composition dealer....
Simply said...
You can purchase from inter State as Composition dealer and URD....
Before opting composition you ll be check your position if previous Tax regime's stock....
You can purchase from inter State as Composition dealer and URD....
Before opting composition you ll be check your position if previous Tax regime's stock....
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