Composition applicable or normal scheme
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2017
Dear Sir / Madam,
one of my client is having sarees business , having turn over of less than 20 lakhs,
how ever he previously purchased stock from other state, now he is eligible to opt for composition scheme or nt
he has stock of Rs 6 lakhs which is inter state purchase, he is eligible for composition or not and if yes how can he sale the stock of rs 6 lakhs by charging 1 % or normal sale .
please guide me.
one of my client is having sarees business , having turn over of less than 20 lakhs,
how ever he previously purchased stock from other state, now he is eligible to opt for composition scheme or nt
he has stock of Rs 6 lakhs which is inter state purchase, he is eligible for composition or not and if yes how can he sale the stock of rs 6 lakhs by charging 1 % or normal sale .
please guide me.
22 July 2017
Not eligible to opt composition scheme. Please see rule 5(1)(b) of Composition Rules.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2017
sir, in case if he has stock of Rs 01 laksh which is inter state purchase , thn he is eligible or not for composition scheme.
23 July 2017
Not eligible to opt composition.
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