in the conditions for composition scheme it is written that... if a person opts for composition scheme he has to first pay reverse tax on goods bought by him from unregistered dealers...
So because all the cloth merchant have stock purchased from unregistered dealers... do they all have to pay reverse tax on their stock if they want to come into composition scheme?
Menu
Reverse charge for new comp. dealer
Replies (1)
and what about if they r register dealer and purchase from register dealer but in vat it's tax free or @ nil rate which now under GST taxed @ 5 % or @ other percent, how they get input credit of it ?
Recent Topics :
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
Related Topics :
CAclubindia
