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 :
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
Related Topics :
CAclubindia
