stock of outside state purchase
latesh patel (16 Points)
10 July 2017
I am opting. for composition scheme what about the stock which I had purchase from outside state
4 Replies
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 11 July 2017
IF YOU HAVE INTER STATE TRANSCTION , YOU CANT OPT COMPOSITION SHCEME
Ritesh Jain
(CA, CS in Job)
(675 Points)
Replied 25 July 2017
IF YOU HAVE INTER STATE TRANSCTION , YOU CANT OPT COMPOSITION SHCEME
yes..
But any one tell me the reason behind such debar..
latesh patel
(16 Points)
Replied 25 July 2017
sir I want to know what is the way for that stock which I am holding on30th June if I opt for composition
Ritesh Jain
(CA, CS in Job)
(675 Points)
Replied 25 July 2017
If you go by rules then you have to sell it off and then go for composition.
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