COMPOSITION, Goods and Services Tax - GST

[CA. ANCHAL RASTOGI]

A dealer on the appointed date having stock of goods purchased inter state, now he want to opt composition scheme, whether its claim may be rejected on the basis of opening stock consisted goods purchased inter state.

Posts / Replies

[KASTURI SETHI]

No bar since enactment of GST is from 1.7.17. Composition scheme can be opted for.

[CA. ANCHAL RASTOGI]

what interpretation of rule 3(1)(b) of composition rule in context of my query

[R.S. Mangal]

If the stock on the appointed day consists goods purchased inter state then the person is ineligible for opting for Composition levy. It is desired that such stock be cleared before appointed day.