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)
(58275 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.
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