Can a service provider apply for composition scheme? Service type - advertisment service in a website portal www.newskarnataka.com.
Currently having a GSTIN under regular tax system.
If yes,
What is the limit to opt for compoisition scheme?
What is the rate of Tax?
Procedure for applying compostion scheme?
Dear Priyokumar Thounaojam,
Thank you for your promt reply. But my question is on services. Can you please quide me in the same?
Thanks in advances.
Composition scheme is not available for advertisement services. It is only applicable for retaurant service provder. Please refer Sec 10 of CGST Act and related rules. Thanks
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
