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Composition scheme

NARENDRA (ACCOUNTS MANAGER) (1782 Points)

08 July 2017

Dear All,

What will be the benefits or drawback to remain under in Composition Scheme in gST?

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3 Replies

DIPESH JAIN (78 Points)
Replied 08 July 2017

Benefit is no need of tax collection. Only 1 quarterly return .

drawback: no input tax credit available

But it is not applicable to supply of service, interstate outward supply, electronic commerce operator

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NARENDRA (ACCOUNTS MANAGER) (1782 Points)
Replied 08 July 2017

THANKS ...... ........... .........

RAJA P M ("Do the Right Thing...!!!") (127962 Points)
Replied 08 July 2017

I agree to Mr. DIPESH JAIN.,
@ NARENDRA.,
And one more point., It is reflected your business. It means, RD can't ll be purchasing goods from you. Bcoz, They get loss on his ITC...