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Composition dealer purchase

Pooja Singhal (108 Points)

07 November 2018

a dealer who opt composition can purchase from URD?is there need to furnish purchase list?

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RAJA P M ("Do the Right Thing...!!!") (127911 Points)
Replied 07 November 2018

Originally posted by : Pooja Singhal
	a dealer who opt composition can purchase from URD?is there need to furnish purchase list?

Yes... He can Purchase from anybody...

No need to furnish the details in current scenario.

In case any Circular/Notification/others from CBIC in this regards then we will show the details. Otherwise no need

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Manjur Khanushiya (239 Points)
Replied 07 November 2018

5. Conditions and restrictions for composition levy.-(1) The person exercising the option
to pay tax under section 10 shall comply with the following conditions, namely:-
(a) he is neither a casual taxable person nor a non-resident taxable person;
(b) the goods held in stock by him on the appointed day have not been purchased
in the course of inter-State trade or commerce or imported from a place outside India
or received from his branch situated outside the State or from his agent or principal
outside the State, where the option is exercised under sub-rule (1) of rule 3;
(c) the goods held in stock by him have not been purchased from an unregistered
supplier and where purchased, he pays the tax under sub-section (4) of section 9;
(d) he shall pay tax under sub-section (3) or sub-section (4) of section 9 on
inward supply of goods or services or both;
(e) he was not engaged in the manufacture of goods as notified under clause (e)
of sub-section (2) of section 10, during the preceding financial year

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