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Composition Dealer
If the turnover of kirana store who opt composition scheme is cross the basic threshold limit due to increase in sales during lockdown is there any relief for that traders ?
Replies (7)
Quick Summary
I think no such relief.
@ Mr Raj Singh.,
Can You elaborate Your query with details...?
Can You elaborate Your query with details...?
Sir local kirana store who deals in essential items eg.food grain etc. who opt for composition scheme base on turnover. know because of pandemic situation due to covid 19 and lockdown the demand for essential items where increase. The turnover was increase unexpected in that situation if the turnover cross the basic limit specified in act for composition scheme is there any relief for same.
If turn over exceeding as per threshold limit (exceeding composition limit) then must be opt out from the scheme...
No, there is no one relief about that.
no relief
shift to Normal Taxpayer
No relief..
raj
raj
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