what will be the tax per quarter on sales if one is in composition scheme,
what will be the procedure to surrender gst will it be online or manual
what about present closing stock if one is in now vat compostion scheme
my turnover is less than 20 lacs
can one purchase interstate also???
In gst regime you cannot purchase interstate if you opt for composition scheme
ATTACHED IS AN ARTICLE ON COMPOSITION SHEME UNDER GST
pls recheck as there is some amendment that one can purchase interstate if in composition scheme
he can purchase from other state but cannot sell in other state
Replied 30 May 2017
1) Manufacturers, other than manufacturers of such goods as may be notified by the Government
one per cent.
2) Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II
two and a half per cent.
3) Any other supplier eligible for composition levy under section 10 and these rules
half per cent.
yes I am wrong person opting for composition scheme cannot make interstate sale but he can purchase goods interstate thanks deep for correcting me
Replied 31 May 2017
Replied 02 June 2017