A HOLDING COMPANY IS INTO NORMAL GST SCHEME AND PROVIDING CONSULTANCY SERVICES TO CLIENTS. (GST IS 18%).
THEY WANT TO CREATE A 100 % SUBSIDIARY COMPANY AND OPT FOR COMPOSITION LEVY FOR SUBSIDIARY COMPANY. (GST IS 6%)
IS IT POSSIBLE ?
THANKS IN ADVANCE
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COMPOSITION LEVY
Replies (4)
Provided subsidary company is under different PAN
Thanks for the reply Sir
It is submitted that the new company will form and it will be a distinct company and it will have new PAN.
Directors will be same
It is submitted that the new company will form and it will be a distinct company and it will have new PAN.
Directors will be same
No issues in this case
Thanks Sir
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