Can a trader with stock purchased out of inter-state trade, enlist himself under the composition scheme?

A trader wants to opt for the composition scheme.. But he has stock purchased out of inter-state trade. Can he opt for composition scheme?

Add Comment
1 Answer(s)

He can opt but input tax credit on his stock not received and can’t take itc on his purchase. he can’t opt if his sale is interstate.

Answered on July 1, 2017.
Add Comment

Your Answer

Gen GST