Applicability of composition scheme
This query is : Open
p.sunil kumar reddy
(Querist)
26 June 2017
tell me whether composition scheme is not applicable to all types of services or not
Devansh Jain
(Expert)
26 June 2017
No. Compostion is avaible for only one kind of service (Restaurant services) and not all kind,,,,
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Nischit Sanghavi
(Expert)
26 June 2017
compositionscheme is applicable when turnover (now supply word to be used under GST) is up-to 50L only
Devansh Jain
(Expert)
26 June 2017
Hi Nischit,
Mr. Reddy asked only for which type of services composition scheme is applicable and not the turnover limit.
Also, the turnover limit has been increased to 75 lacs now....
Mr. Reddy asked only for which type of services composition scheme is applicable and not the turnover limit.
Also, the turnover limit has been increased to 75 lacs now....
CA Rashmi Gandhi
(Expert)
26 June 2017
Except restaurant services you cant opt under composition scheme.
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