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composition scheme

15 July 2017

my Clint is in normal scheme in VAT for last 3 mts(april-june).his previous year turnover is less than 75 lacks.he was dealing in garments business.now he can opt for composition scheme or not.

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5 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 15 July 2017

Yes he can but he has to pay tax on goods purchased from unregistered dealer.

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 15 July 2017

If you have goods purchased from interstate then you can't opt for composition scheme.

Arun Kumar (Article) (27 Points)
Replied 15 July 2017

if he is a interstate dealer i.e. sales good outside delhi.. then he cant opt for composition scheme.

Arun Kumar (Article) (27 Points)
Replied 15 July 2017

he has to pay tax on reverse charge basis on inputs purchaed from unreg. dealers as on the date of registeration as well as on the purchases made after registeration from unreg. dealers.

Anupam Goswami (342 Points)
Replied 15 July 2017

one clarification should give...composition party can purchase goods inter state..no issue..but he cant sell interstate..it was a small confusion bus now its clarified by gst department

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