One condition for composition dealer is that he should be be a supplier of service (other than supply of food). So if a trader gives loan and earns interest will he become ineligible for the scheme. Please clarify
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Composition dealer supplying exempt service
Replies (3)
No...
Composition dealer can't give any Services***
Composition dealer can't give any Services***
Dear Raghavan
Composit Dealer cannot provide services except Resturant .
Yes in the computation of aggregate turnover for determining eligibility to composition scheme, value of
supply of any exempt services including services by way of extending loans, advances or deposits will not be considered.
Composit Dealer cannot provide services except Resturant .
Yes in the computation of aggregate turnover for determining eligibility to composition scheme, value of
supply of any exempt services including services by way of extending loans, advances or deposits will not be considered.
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