An Individual is registered as regular person under gst since 2017, and He is engaged in trading of Tobacco and Gutkha Products and also deal in ready made snacks and Ayurveda products having turnover below 1.5 crore. He also purchases from other states [Under IGST]. He sells goods withing states only. Can He Opt for Composition dealer for F.Y.2020-21? if yes which could be the rate of GST?
Menu
Regular to Composition of Dealer trading Tobacco and Gutkha
Replies (1)
No
as per rule 5 of cgst rule 2017
the goods held in stock must not have purchased in the course of interstate trade
as per rule 5 of cgst rule 2017
the goods held in stock must not have purchased in the course of interstate trade
Recent Topics :
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
Related Topics :
CAclubindia
