Dear All,
What will be the benefits or drawback to remain under in Composition Scheme in gST?
Menu
Composition scheme
Replies (3)
Benefit is no need of tax collection. Only 1 quarterly return .
drawback: no input tax credit available
But it is not applicable to supply of service, interstate outward supply, electronic commerce operator
drawback: no input tax credit available
But it is not applicable to supply of service, interstate outward supply, electronic commerce operator
THANKS ...... ........... .........
I agree to Mr. DIPESH JAIN.,
@ NARENDRA.,
And one more point., It is reflected your business. It means, RD can't ll be purchasing goods from you. Bcoz, They get loss on his ITC...
@ NARENDRA.,
And one more point., It is reflected your business. It means, RD can't ll be purchasing goods from you. Bcoz, They get loss on his ITC...
Recent Threads
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
- Section 194C or 194J apply in survey fee to determ
- Accidental Switch to New Regime using Form 10-IEA
- Should I file Revised Return U/S 139 (5)?
Related Threads
CAclubindia
