what is composite dealer
how to find composite dealer
5 Replies
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 29 May 2017
If your turnover is More than 20,00,000/- but not exceed 50,00,000/- then you need to register under gst composition scheme.
Nilesh Rupani
(22 Points)
Replied 29 May 2017
my turnover is under 50 lakhs but i purchase from register dealer and also unregistered dealer than what happen for gst setup
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 29 May 2017
If you goods is taxable:-
Purchase from Register dealer :-
Not eligible to take ITC.
Purchase form Unregister dealer :-
Liable to pay reverse charge.
Better to take the normal registration under GST ACT.
Rajiv Khosla
(32 Points)
Replied 07 June 2017
My turnover is below Rs 10lac and I purchase locally from registered dealers and supply locally. Now I want to supply to other states. what should I do.
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