Composition Scheme
Avinash Bhagat (Student CA CPT ) (53 Points)
14 June 2017
Why Service providers are not allowed to opt composition scheme?
9 Replies
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 14 June 2017
professionals under service provider can opt for composition us 44ADA. by showing profit more than 50%
Avinash Bhagat
(Student CA CPT )
(53 Points)
Replied 15 June 2017
I think 44ADA deals with Presumptive Income from Professionals
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 15 June 2017
that is the composition scheme under income tax
PRABIR PAUL
(*****Accountant***** Never insult to a)
(1448 Points)
Replied 15 June 2017
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.....
PRABIR PAUL
(*****Accountant***** Never insult to a)
(1448 Points)
Replied 15 June 2017
Advice you to place question always in full detaits to aviod misread....
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 15 June 2017
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
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