Dear sir,
Please help us by providing below clarification under composition scheme
1. If composite register purchased from unregistered supplier (below 20lakhs) whether RCM applicable or not. If applicable what is the %, this RCM can take input credit or not.
2. Composite register total supply 10 transactions (invoices) 8 invoices with in the same state and 2 invoices other state. In this case what is the tax rate for 8 and 2 invoices.
3. Composite register purchased from other state and selling in with in the state. In this case campsite scheme applicable or not.
Thanking you
venkatesh Sajja
Regards
Venkatesh Sajja
Menu
composite scheme
Replies (1)
1. Composition dealer purchased from URD then he ll be pay Tax under RCM basis. Tax rate is the Goods GST rate. He can't take ITC credit.
2. First of composition dealer can't give Tax Invoices. Just give bill of supply only. Also he can't sell goods to inter State supply. It means composition dealer can't sell goods to other States... So, the two invoices is wrong.
3. Composition dealer can purchase from inter State. It's available for purchase from other State.....
2. First of composition dealer can't give Tax Invoices. Just give bill of supply only. Also he can't sell goods to inter State supply. It means composition dealer can't sell goods to other States... So, the two invoices is wrong.
3. Composition dealer can purchase from inter State. It's available for purchase from other State.....
Recent Threads
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
Related Threads
CAclubindia
