Composition scheme for tyre retreading
This query is : Resolved
PATIL KUNDLIK RAMRAO
(Querist)
17 November 2018
Sir I am a tyre retreading concern eligible for composition scheme ?
17 November 2018
I think "No... Bcoz its a Service related business activities"
CA Ankit R Momaya
(Expert)
18 November 2018
CBIC has vide Circular No.34/2018 has clarified that retreading of tyres is supply of services. Since service providers are not eligible for composition scheme, you cannot opt for composition.
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