Composition Scheme

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23 Points Joined June 2017
If a Person who was Registered under earlier law has Closing Stock which was purchased from Outside the State on 30/06/2017. Can That Person Opt for the Composition Scheme?
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On 18 July 2017 at 23:40 Report
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Proprietor
4869 Points Joined January 2010
no he can not opt
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On 18 July 2017 at 23:51
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student
58 Points Joined January 2011
Purchase can be deemed to be from unregistered party.. As nothing specifically written in the law... U can enjoy the lapse
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On 19 July 2017 at 00:21
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3 Points Joined July 2017
yes he can opt for composition as gst act says you can buy from out side state and whereas vat act is not applicable on gst act
now onwards you can not sale out of state if opt for composition
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On 19 July 2017 at 09:27


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