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?
7 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 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
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
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
Shivam RC
(Student)
(23683 Points)
Replied 07 November 2018
No such restrictions levied on Composition Scheme Dealers. They can purchase goods from anybody ( even INTER STATE PURCHASE OF GOODS ).
Manjur Khanushiya
(239 Points)
Replied 07 November 2018
but as per rule 5(1)(d) he should pay rcm if it is applicable
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 November 2018
Yes.... I Agreeeeeeeeddd to Mr Shivam RC.
As per query You are Exactly good reply Mr Shivam RC. Your reply is really without Confusion to Querist...
As per query You are Exactly good reply Mr Shivam RC. Your reply is really without Confusion to Querist...
Manjur Khanushiya
(239 Points)
Replied 07 November 2018
I am also agreed Mr.Raja but as per section and rule liabilty of RCM because he asked to purchase from URD
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 November 2018
| Originally posted by : Manjur Khanushiya | ||
|
I am also agreed Mr.Raja but as per section and rule liabilty of RCM because he asked to purchase from URD | |
What is query by querist...?
What is Your reply based on query...?
What is actual conditon by the said section/rule...?
Why extra confusion to query...?
Finally (Also) I'm not banned by Your reply... You can keep Yourself for better...
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