REGULAR TO COMPOSITION SCHEME.
This query is : Resolved
Suresh S. Tejwani
(Querist)
18 February 2020
SUPPOSE IF A PERSON IS DOING TRADING OF COMPUTER PARTS AND ALSO PROVIDES SERVICE ,CAN HE OTP FOR COMPOSITION SCHEME AND IF YES THAN AT WHAT RATE..??
WHETHER WE HAVE TO PAY DIFFERENT RATE OF TAX FOR TRADING AND SERVICE OF COMPUTER PART.??
WHETHER WE HAVE TO PAY DIFFERENT RATE OF TAX FOR TRADING AND SERVICE OF COMPUTER PART.??
CA Anita Bhadra
(Expert)
19 February 2020
You can opt for composition scheme subject to the condition that
(a) you are not making inter-state supplies.
(b) Your turnover in the preceding financial year is not more than 50 lakhs.
Rate of tax is 6% ( No different rate for goods & services)
(a) you are not making inter-state supplies.
(b) Your turnover in the preceding financial year is not more than 50 lakhs.
Rate of tax is 6% ( No different rate for goods & services)
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