21 August 2017
services by way of renting of immovable property is not eligible for composition scheme composition scheme is available only for folowings
Only those persons who fulfill all the following are eligible to apply for composition scheme:
deals only in the intra-state supply of goods (or service of only restaurant sector). does not supply goods not leviable to tax. have an annual turnover below Rs. 75 Lakhs (Rs. 50 Lakhs for north-eastern states) in preceding financial year. he shall pay tax at normal rates in case he is liable under reverse charge mechanism. not supplying through e-commerce operator. not a manufacturer of – ice cream, pan masala or tobacco (and its substitutes)
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