COMPOSITION

[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.

[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

[RadheyShyam 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.

AI Summary

Dealer with Interstate Stock Faces Eligibility Issues for GST Composition Scheme Under Rule 3(1)(b); Must Clear Stock First. A dealer with interstate-purchased stock on the appointed date wishes to opt for the GST composition scheme. One response indicates no restriction since GST began on 1.7.17, allowing the composition scheme to be chosen. Another response questions the interpretation of rule 3(1)(b) of the composition rule. A third response states that if the stock includes interstate purchases on the appointed day, the dealer is ineligible for the composition levy and should clear such stock before the appointed day.