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Flax printer
Flax printer eligible for composition 1%
Replies (5)
Quick Summary
Yes you can.
Which section
Section 10
Under section 10 of the GST Act
No...........
If you are providing only Services , can opt composition scheme under clause (2A) of Section 10 ,being inserted by finance (No.2) Act 2019. & required to deposit tax on turnover @ 6% (3+3) .
Note : Your aggregate Turnover shall be below 50 lac .
The composition dealer who are paying tax under Section 10(1) can supply SERVICES of value not exceeding 10% of Turnover in Preceding FY or 5 Lac whichever is higher . so if you falls under this , then yes you can pay 1% GST on same.
If you are providing only Services , can opt composition scheme under clause (2A) of Section 10 ,being inserted by finance (No.2) Act 2019. & required to deposit tax on turnover @ 6% (3+3) .
Note : Your aggregate Turnover shall be below 50 lac .
The composition dealer who are paying tax under Section 10(1) can supply SERVICES of value not exceeding 10% of Turnover in Preceding FY or 5 Lac whichever is higher . so if you falls under this , then yes you can pay 1% GST on same.
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