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Composition scheme
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
Replies (6)
Quick Summary
Yes you can opt for Composition Scheme provided your Aggregate Turnover does not exceeds Rs. 50 lakhs...
You can opt composition scheme
Bro I think 40 lakhs is limit
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."
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."
Agree with Mr. Shivam RC reply.
Yes ok thank you
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