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COMPOSITION SCHEME

SUNIL GIDWANI (PRACTISE) (138 Points)

03 July 2017

Sir i m from Gujarat and i m purchase goods from delhi of electronic items so i can go with composition scheme and my turn over is 48 laksh

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24 Replies

Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 03 July 2017

Yes..

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 03 July 2017

Yes you can go for it as your turnover is below 75 lakh & u are not engaged in inter state outward supplies

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SUNIL GIDWANI (PRACTISE) (138 Points)
Replied 03 July 2017

Thanks sir...
But sir my dealer of delhi can get credit of GST which he charge on the my bill
2. And it can became possible that he may not sales me as he is not getting credit as i m composition scheme dealer

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 03 July 2017

Unable to understand.

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SUNIL GIDWANI (PRACTISE) (138 Points)
Replied 03 July 2017

Means Register dealer can get credit of GST on sales made to composition scheme dealer....

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Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 03 July 2017

Your supplier will charge gst in the invoice. You will pay your supplier the amount of goods and amount of gst. GST collected by the supplier from you, will be deposited by him to government. You will not get any credit of GST paid to your supplier as you are composition dealer.

Your registration as composition dealer will not have any effect on supplier. You are a registered dealer for your supplier as the others.

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 03 July 2017

Yes it's true.

SUNIL GIDWANI (PRACTISE) (138 Points)
Replied 03 July 2017

Thank you.... Sir but i want to know that my dealer can get credit of GST which he charge on the sales to me.... As he is Register dealer of delhi and i m in composition scheme dealer of Gujarat.... Pls Reply As i m doing regular purchase from this delhi dealer

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Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 03 July 2017

You get credit of tax paid, not for tax collected. Supplier by sale collects tax from customer. There ia no point of credit to supplier.

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SUNIL GIDWANI (PRACTISE) (138 Points)
Replied 03 July 2017

Thank you Vinay Garg
Thank you Rashmi Gandhi
Now i understand as i m asking question on the situation in my business for my Delhi dealer and for me ... Thank u sir....

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 04 July 2017

Welcome dear.....

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SUNIL GIDWANI (PRACTISE) (138 Points)
Replied 05 August 2017

Hi Sir...
I have taken a Composition scheme and get GST number and now i want to go for Regular Scheme.... Pls Guide.....
As i have electronic business and i want to sales outside Gujarat which is not possible in my this Composition scheme