Hai, My brother had a textiles shop. He Purchased goods from outside the state but he sold goods within the state. Can he AVAIL COMPOSITION SCHEME
17 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 01 August 2017
Yes............. Sure.......
Gopal Kumar Gupta
(Accounts & Tax Consultant)
(206 Points)
Replied 01 August 2017
absolutely not. composite dealer can't be involve in any supplies with other state.
mob 9883087539
mob 9883087539
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 01 August 2017
composition dealer can not sale interstate but can purchase
Gopal Kumar Gupta
(Accounts & Tax Consultant)
(206 Points)
Replied 01 August 2017
no. composite dealer can't involve any interstate supply. means sales or purchase.
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 01 August 2017
Sorry to say mr. Gopal but u r wrong. Composition dealer can purchase from interstate.
Gopal Kumar Gupta
(Accounts & Tax Consultant)
(206 Points)
Replied 01 August 2017
I would request you to revisit the composition rules again and confirm.
Gopal Kumar Gupta
(Accounts & Tax Consultant)
(206 Points)
Replied 01 August 2017
It will be a good point of information if you confirm the same
sachin
(student)
(26 Points)
Replied 01 August 2017
gopal kumar gupta first read the law and then replies to any query
Pawan Agrawal
(116 Points)
Replied 02 August 2017
he take composition scheme .and he is liable to pay tax on closing stock on 30june
Charandeep Singh
(Manager Accounts)
(182 Points)
Replied 02 August 2017
Gopal Gupta please check ur facts. interstate purchases are allowed
GDR REDDY
(Senior Accounts Officer)
(32 Points)
Replied 02 August 2017
composition dealer can not make any interstate sales but he can purchase goods from other states.
siddharthnahar
(mr)
(31 Points)
Replied 02 August 2017
Composition dealer can only purchase from ither states no sales could be done. It is clearly mentioned in the act that a dealer can not deal in outward supplies. Nothing has been mentioned for inward supply.
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