I m from Gujarat, having gst number, want to buy goods from Panipat for business purpose, my business selling within state, am I eligible for composition scheme????
6 Replies
BN Murali
(Manager)
(129 Points)
Replied 03 July 2017
if your sales are with in your state.you can go for composition scheme.turnovar limit 75 lac
sai tax solutions chennai
(proprietor)
(112 Points)
Replied 03 July 2017
RCM will be applicable if you buy any taxable goods or services from unregistered supplierswithin the state or from foreign suppliers. Hope i am correct
NITIN KOTAK
(SERVICE)
(1465 Points)
Replied 04 July 2017
some amendment regarding purchase from unregister dealer, as per my view 5000 urd purchase day limit is eligible as per last amendment. am I right ?
BN Murali
(Manager)
(129 Points)
Replied 04 July 2017
as per latest amendment per day RCM purchase 5000 exempted. in case crossed 5000. your URD purchase is 5500. need to pay on 5500.
Nitin Ramchandani
(MBA(finance))
(397 Points)
Replied 05 July 2017
Thanks for your perfect reply BN Murali sir ji
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