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composition /normal

Manjiri Juvekar (Audit) (29 Points)

16 September 2017

can building material supplier opt for composition scheme?

is composition scheme beneficial.

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4 Replies

CA Shashikumar PN (Consultant - Taxation) (264 Points)
Replied 16 September 2017

If u are a trader or manufacturer in building materials u opt for composition. Benefit of composition is depends on the margin u earn vs compliance cost and also on the nature of customers u deal with i.e. registered or unregistered.

RAJA P M ("Do the Right Thing...!!!") (127162 Points)
Replied 16 September 2017

Yes. I agreed to Mr CA Shashikumar...

@ Manjiri.,
You can opt to composition scheme for based on your supplies.
But, In case you ll give any Labour supplies then you can't opt to composition scheme...

In my view...
Some person ll supplies labours to building works. So, I remained the option....