23 June 2017
RESPECTED SIR IF A TRADER HAVE INTERSTATE SALE HE CAN NOT OPT COMPOSITION SCHEME BUT IF HE HAS INTER STATE PURCHASE AND SALE INTRA STATE CAN HE OPT COMPOSITION SCHEME? PLEASE ADVICE. THANKS....
23 June 2017
Yes.
A dealer opting for composition can purchase from other states. But he cannot make inter state sales.
furthermore, At the time of registration under composition, there should not be any stock purchased from inter state (refer composition rules)
CAclubindia
