| Originally posted by : Anil R. Kandera | ||
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what is mean by composite dealer? |  |
Composition scheme is for those who pays GST on its turnover without charging GST in invoice. He will issue BILL OF SUPPLY.
He wont be able to take any credit on tax paid on recieptof services or goods
He should be supplier of goods only
Service suppliers are not eligible for this scheme.
Limit is 7500000
No interstate supply is possible in this cheme.
This scheme is practically not suitable because of credit blockage
CAclubindia
