hello,
can i go for composition scheme if i am selling only outside state?
Composition Scheme for Interstate Sales
Ayaz Ansari (39 Points)
13 January 2019
12 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 13 January 2019
If selling goods interstate ..... composition scheme not eligible.
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???
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...!!!")
(128091 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...
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
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...!!!")
(128091 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...
May be You can prepare Credit Note against the supply and You can reverse the Tax liability...
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...
Ayaz Ansari
(39 Points)
Replied 13 January 2019
Thanks Mr Shailendra Your answer is exactly what i needed.
shailendra shukla
(Bhopal)
(1741 Points)
Replied 13 January 2019
your welcome sir, glad i could help....
Vinod Babu
(24191 Points)
Replied 13 January 2019
Are you composition dealer or regular dealer.?
If composition dealer, then tax invoice cannot be issued. Only bill of supply invoice can be issued.
If composition dealer, then tax invoice cannot be issued. Only bill of supply invoice can be issued.
Vinod Babu
(24191 Points)
Replied 14 January 2019
If the dealer is making Inter-state sales, then he can't opt composition scheme.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 January 2019
Composit dealer cannot collect tax from customer.
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