If a composition scheme dealer's turnover exceeds ₹75 lacs during the year, thn what will happen, if
- he has informed authorities within 1 month?
- he hasn't informed authorities within 1 month?
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Composition Scheme Lapsed
Replies (1)
Sera Rahul.,
You don't want inform. It's automatically shown in last return when we reached the threshold limit...
1. If informed /reached you go to Amendment Composition to Regular dealer.
2. Hasn't inform you ll be paid all transaction amount ll be taxable with interest and penalty....
You don't want inform. It's automatically shown in last return when we reached the threshold limit...
1. If informed /reached you go to Amendment Composition to Regular dealer.
2. Hasn't inform you ll be paid all transaction amount ll be taxable with interest and penalty....
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