Dear All,
What will be the benefits or drawback to remain under in Composition Scheme in gST?
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
drawback: no input tax credit available
But it is not applicable to supply of service, interstate outward supply, electronic commerce operator
RAJA P M
("Do the Right Thing...!!!")
(128091 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...
@ 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...
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