Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Composition Scheme for Interstate Sales

Ayaz Ansari (39 Points)

13 January 2019

hello,
can i go for composition scheme if i am selling only outside state?

Reply
Follow
Share

12 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170474 Points)
Replied 13 January 2019

If selling goods interstate ..... composition scheme not eligible.

Upgrade to CAclubindia Pro. Subscribe Now!

Ayaz Ansari (39 Points)
Replied 13 January 2019

Thanks alot Mr Dhirajlal.
Could you please tell me that, if i have a GST no. and i have deposited cash in my account by selling goods to Unregistered Person and he hasn't paid me gst on the supply. so suggest me that should i show B2c sale and pay the gst or i can ignore that cash deposited amount from GST???

RAJA P M ("Do the Right Thing...!!!") (127999 Points)
Replied 13 January 2019

Once invoiced then You must pay GST Tax as per Your set off...
May be You can prepare Credit Note against the supply and You can reverse the Tax liability...

Ayaz Ansari (39 Points)
Replied 13 January 2019

Thanks Mr Raja

But my question is i have deposited cash of ₹8000 into my account from an unregistered person and i have not given any invoice to him. As i have not charged GST because he was not ready to pay it so i have not given him invoice and i have deposited his cash receipts into my account, So can i ignore this transaction from Gst

RAJA P M ("Do the Right Thing...!!!") (127999 Points)
Replied 13 January 2019

Once invoiced then You must pay GST Tax as per Your set off...
May be You can prepare Credit Note against the supply and You can reverse the Tax liability...

Upgrade to CAclubindia Pro. Subscribe Now!

shailendra shukla (Bhopal) (1741 Points)
Replied 13 January 2019

the amount received will be treated as inclusive of gst and likewise you have to calculate your taxable value n pag tax on the same.... you can ignore it straight away but than it will be a evasion of tax. also if you holds a gst no. it is ur responsibilty to issue a taxable invoice in which u should seperately mention the tax amount...