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
Menu
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
Recent Topic
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
Related Topics
CAclubindia
