Composition scheme eligiblity

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student
114 Points Posted on 23 May 2024

a person was not eligible for composition scheme but got registration under it .

is in composition for 6m and the opts out for regular scheme.

can anyone help with any case law of similar case?

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On 23 May 2024 at 15:14 Report
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This discussion addresses a situation where a business was incorrectly registered under the composition scheme. After operating under it for six months, they opted out for a regular scheme. The query seeks case law for similar scenarios and highlights potential liabilities, including penalties and the applicability of Sections 73 and 74 of the relevant act, advising to await departmental notice.

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4 Points Posted on 23 May 2024

nOT ONLY HE SHALL BE LIABBLE TO PENALTY OTHER THAN TAXES PROVISIONS OF SECTION 73 AND 74 SHALL ALSO BE APPLICABLE HE SHOULD WAIT FOR THE NOTICE FROM DEPARTMENT

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On 23 May 2024 at 17:58
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Profession
28271 Points Posted on 27 May 2024
Composition scheme eligibility is there.
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On 27 May 2024 at 07:21

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