Composition Scheme

professionals under service provider can opt for composition us 44ADA. by showing profit more than 50%

that is the composition scheme under income tax

Ms. Preeti,

I think Mr. Avinas placed this question is for GST not Income tax.

Section 44ADA is the provision about presumtive income declaration for professional under Income Tax ACT to declare 50% gain on gross receipts.

There is no composition scheme under Income Tax Act.

The question should be "Why service provider not eligible for composition Scheme under GST"  ---- Am I right Mr. Avinas.....

Advice you to place question always in full detaits to aviod misread....

yes avinash sorry for misinterpretation.

for services they covered restaurant services.they want to make it a destination based tax. if they provide composition for all then cascading of tax will be there, tax could not move freely. thats y this is not a facility for sp