whether services whose turn over upto 5lacs are allowed for composition scheme.whether Notification has been published for this?
Sarika Kothari (144 Points)
07 December 2018whether services whose turn over upto 5lacs are allowed for composition scheme.whether Notification has been published for this?
Ruchira
(Article)
(208 Points)
Replied 07 December 2018
Business with annual turnover upto Rs. 1 crore can opt for composition scheme. Only in north eastern states and himachal pradesh its Rs.75 lacs
As your turnover is upto Rs. 5 lacs you are not eligible for composition scheme.
Sarika Kothari
(144 Points)
Replied 07 December 2018
sushit shishul
(338 Points)
Replied 07 December 2018
Ruchira
(Article)
(208 Points)
Replied 07 December 2018
For service providers except resturants no one else can get into composition scheme.
Since you are not into resturant business you can not opt for composition scheme even if your turnover is less than Rs. 1 crore.
Ruchira
(Article)
(208 Points)
Replied 07 December 2018
Only manufacturer of Goods, Dealers and Restaurants( not serving alcohol) can opt for composition scheme.
pritesh
(CA Final student)
(7101 Points)
Replied 07 December 2018
Sarika Kothari
(144 Points)
Replied 07 December 2018
RAJA P M
("Do the Right Thing...!!!")
(127483 Points)
Replied 07 December 2018
Pankaj Rawat
(GST Practitioner)
(55037 Points)
Replied 08 December 2018
Pankaj Rawat
(GST Practitioner)
(55037 Points)
Replied 08 December 2018
CAclubindia
