Under composition rules, a dealer can not opt for composition scheme if his stock on the appointed day contains 2% CST Stock.
My query is this, whether there is any way that he can opt for Composition scheme by paying the difference tax as in the case of stock purchased from unregistered dealer?
Regards
Kavita Sharma
Dealers with Inter-State Purchases Ineligible for GST Composition Scheme; Consider Planning for Next Year with Compliance A user inquired about the eligibility for the GST Composition Scheme when a dealer's stock includes 2% CST from inter-state purchases. The responses clarified that under current rules, a dealer cannot opt for the Composition Scheme if their stock includes inter-state purchases. Suggestions included making a representation to the GST Council for consideration of this issue. It was noted that eligibility could be planned for the next financial year by ensuring compliance with all conditions, including submitting FORM CMP 02 before the financial year begins. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
