Reverse tax on Composition scheme

IN THE COMPOSITION SCHEME so far there is no restriction on purchases. however a taxable person opting for composition scheme will be required to pay tax on supplies taxable under rcm at regular rates. no, a dealer under this scheme has restrictions on outward supply not on inward supplies. no need to take reg. under regular scheme

taxable composition person,cannot make inter state  sale,,where as he can make purchase from interstates,contrarly act says The goods held by him in stock on the appointed date must not be purchased from a place outside his state,in addition the taxpayers deals with unregistered person, tax must be paid or no stock must be held, on opting scheme

act allows to inter state purchase,it does not allows stock of  purchased from a place outside his state, while opting the scheme,

whats the point in it,,please explain

 

 

this means while opting I. e when he opts.. when he enters into composition scheme his stock will not contain those goods . This is because At present existing stock has been charged with reduced rate of 2% CST only and the state government has not got its share of tax in that stock.. If they allow composition on that stock they will loose their tax on such purchase... However in future inter state supplies will be charged full IGST which will not be allowed as input tax credit to composition dealer. Thus in future state will get full tax on purchase even after composition

cases where ,reverse charge(RCM} is applicable all person are required to tax,,even operating under composition scheme is liable to pay tax on such basis,,then dilemma arise ,however he is not authorized to issue tax invoice,,then how in this, case he will collect tax under reverse charge mechanism, by issue of invoice,,,,is really RCM is applicable to comp... dealer

wat is the use in RCM?under composition scheme,however he is not going to avail credit on such supply,,,(especially in case of purchase from un registered dealer)..he may not disclose such supply,,,

in case  of reverse charge mechanism (RCM) ,the reciepnt shall pay tax ,in GSTR 1 it shows in table 4 ,attracting reverse charge shall be disclosed,,,but GSTR 1 is meant to outward supply,,ie sale ,,we are not reciepnt in such sale (we r the sellers). what is the point in that can any one can explain,, cases where supplier himself shall pay tax on outward supply! i.e onRCM