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)
Quick Summary
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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