Composition scheme under gst
rahul (b.com) (20 Points)
22 June 2017rahul (b.com) (20 Points)
22 June 2017
Karan Batra
(Creator: TheProTalks)
(2325 Points)
Replied 23 June 2017
(i)Statement in FORM GST ITC- 3 for details of ITC relating to inputs lying in stock, inputs contained in semi-finished or finished goods within 60 days of commencement of the relevant financial year.
(ii) If the goods are not leviable under GST then the dealer cannot opt for composition scheme as following taxable persons are not granted permission to opt for the scheme who:
rahul
(b.com)
(20 Points)
Replied 27 June 2017
I am dealing exempted goods under Present Law ( i.e VAT) and i am unregistered dealer under VAT. But Under GST it is taxable @ 5%. For the composition scheme under GST, it is compulsory to declared closing stock as on 30/06/2017? if dealer not claim ITC on Closing Stock.
6 days Certification Course on GST Practical Return Filing Process