inter state supplies
Kothamasu Murali (Article student) (86 Points)
30 June 2017
I purchased from Tamil nadu and I sell all the goods in my home state.is iam eligible for composition scheme
4 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 30 June 2017
Yes you are eligible.
Kothamasu Murali
(Article student)
(86 Points)
Replied 30 June 2017
but some of them said iam not eligible for composition scheme?
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 30 June 2017
It is clearly mentioned in the act/rules that if a dealer is opting for composition scheme is restricted to make interstate supply. But there is no such restriction on purchase.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 30 June 2017
Also at the time of opting for composition scheme, your stock must not have centrally purchased material.But after opting you can purchase from other states.
Recent Topics
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
Related Threads
CAclubindia
