Is Interstate Purchase allowed in Composition Scheme?

Is Interstate Purchase allowed in Composition Scheme?

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5 Answer(s)

Absolutely yes.

Answered on July 28, 2017.
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However there is a provision under composition scheme that on the day a dealer opts for this scheme he should not have interstate purchase record. so it is here contrary that one side you allowed interstate purchase and on the other side you prohibit to hold interstate purchase stock on the day of exercising this scheme. this is confusing.

Answered on July 28, 2017.
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Yes, you can do but you can’t do the interstate sale.

Answered on July 28, 2017.
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Yes

Answered on July 28, 2017.
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Yes allowed.

Answered on July 29, 2017.
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Your Answer

Gen GST