Interstate Purchase Return in Composition scheme
Ashish Jain (Student) (191 Points)
05 March 2022
How can a composition dealer return goods purchased from other state?
2 Replies
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 05 March 2022
Sale value is relevant for composition scheme.So purchases are not relevant since ITC is not available for composition dealers.
If there are interstate transactions then you must convert to Regular Category.
If there are interstate transactions then you must convert to Regular Category.
Imthias ahamed Kormath
(910 Points)
Replied 05 March 2022
Use delivery challen with copy concerned invoice and debit note also for the claim of refund of tax paid by u from ur customer also.
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
