Composition scheme

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21 Points Posted on 01 December 2020
can a solar light and convex mirror seller and doing labour job work on installation.which cover 75%labour job and 25%goods can opt for composition scheme if there turnover is less than 50L
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On 01 December 2020 at 12:16 Report
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Quick Summary
This discussion clarifies eligibility for the Composition Scheme for businesses that supply goods (like solar lights) and provide labour services (installation). The key takeaway is that service providers can opt for the scheme if their aggregate turnover is under £50 lakhs. This is distinct from the £40 lakhs threshold which applies only to those exclusively supplying goods.

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Student
23693 Points Posted on 01 December 2020
Yes you can opt for Composition Scheme provided your Aggregate Turnover does not exceeds Rs. 50 lakhs...
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On 01 December 2020 at 12:46
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1313 Points Posted on 01 December 2020
You can opt composition scheme
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On 01 December 2020 at 14:30
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30 Points Posted on 01 December 2020
Bro I think 40 lakhs is limit
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On 01 December 2020 at 15:31
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Student
23693 Points Posted on 01 December 2020
No @ Alapati Tejaravi Sir...

The maximum Aggregate Turnover limit to opt for Composition Scheme incase of Service Provider is Rs. 50 lakhs.

Rs. 40 lakhs turnover threshold limit is for the Suppliers who are engaged in "EXCLUSIVE SUPPLY OF GOODS."
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On 01 December 2020 at 17:46
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GST Practitioner
55067 Points Posted on 01 December 2020
Agree with Mr. Shivam RC reply.
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On 01 December 2020 at 23:45
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30 Points Posted on 02 December 2020
Yes ok thank you
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On 02 December 2020 at 08:12

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