COMPOSITION SCHEME
Page no : 2
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 06 August 2017
SUNIL GIDWANI
(PRACTISE)
(138 Points)
Replied 09 August 2017
SURAJ SHARMA
(Junior accountant)
(135 Points)
Replied 10 August 2017
Dear sir,
You have not eligible if you lie below conditions.
- The person opting for the scheme must neither be a casual taxable person nor a non-resident taxable person.
- The goods held by him in stock on the appointed date must not be purchased from a place outside his state. The goods should therefore not be classified as:
- Inter- state purchase
- Imported Goods
- Branch situated outside the State
- Agents or Principal situated outside the State
3. Where the taxpayers deals with unregistered person, tax must be paid or no stock must be held
5. Mandatory display on invoices of the words ” composition taxable person, not eligible to collect tax on supplies”
6. Mandatory display of the words “Composition Taxable Person” on every notice and signboard displayed at a prominent place.
SUNIL GIDWANI
(PRACTISE)
(138 Points)
Replied 23 May 2018
I have purchased Refrigerator for factory use in my factory can i get input credit....
SUNIL GIDWANI
(PRACTISE)
(138 Points)
Replied 02 August 2019
my client is registered as Composition dealer
He is doing business of electrical items like fan n led lights and on same he is providing services of Fitting of that lighs n fan and he is getting service charges from his client... in that case he has to charge gst on service he is providing on fitting of that light n fans?
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