As per Rule 5 2] The registered person paying tax under section 10 may not file a fresh intimation everyyear and he may continue to pay tax under the said section subject to the provisions of theAct and these rules.
Absolutely agree with Mr. Pankaj Rawat...
Composition Scheme once opted by the taxpayer remains valid unless and until the dealer exceeds the prescribed threshold Turnover limit...
Absolutely agree with Mr. Pankaj Rawat...
Composition Scheme once opted by the Taxpayer remains valid unless and until the Taxpayer himself surrender's it. However, if your Aggregate Annual Turnover exceeds the prescribed Threshold Turnover limit, then your registration as COMPOSITE DEALER may become invalid.
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