composition scheme

abby sandy (13 Points)

01 July 2017

purchasing all interstate but sales is only local could my firm fall in this scheme

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5 Replies

Vaishali Khatri (14 Points)
Replied 01 July 2017

its depends on your annual turnover of previous financial year which should not exceed 75 lakh rupees for opting composition scheme

Manthan Gupta (5 Points)
Replied 01 July 2017

if you turnover is within limits, then you can opt for Composition levy. sec 10 is silent on interstate purchases

Manthan Gupta (5 Points)
Replied 01 July 2017

if you turnover is within limits, then you can opt for Composition levy. sec 10 is silent on interstate purchases

PRADEEP KR. MONDAL (Accountant) (156 Points)
Replied 01 July 2017

PURCHASE GOODS INVOICE FROM COMPOSITE DEALER , WHERE THERE IS NO TAX

DO I NEED TO RAISE TAX INVOICE AS WE HAVE TO DO FOR UNREGISTED

shivjani (none) (39 Points)
Replied 01 July 2017

If your tax rate is 3% or 5% you shouldn't go for composition scheme it will cost you

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