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GOODS SERVICE TAX

Dipam Guha Thakurata (148 Points)

07 November 2017

Who are eligible for Composition Scheme & What type of book of accounts does composition scheme dealer should maintain?

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160317 Points)
Replied 07 November 2017

Kindly refer: gst/composition-scheme AND

faq-manual/faq-composition-levy

B Vinay Reddy (Hyderabad ) (7832 Points)
Replied 07 November 2017

Only Manufacturer, Traders, Hotels in Service sector whose annual turnover is below 1 cr can Opt for Composition Scheme
They need to maintain books of Accounts like incase of Regular tax payers.
They needs to pay Tax based on their Turnover

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Heena Garg (103 Points)
Replied 07 November 2017

who not cover 20 lac turnover
those who do intra state supply

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Dipam Guha Thakurata (148 Points)
Replied 08 November 2017

can a Car Rental To Passenger Service Business eligible for GST composition scheme?

B Vinay Reddy (Hyderabad ) (7832 Points)
Replied 08 November 2017

No, Mr.Dipam,
Composition Scheme will be available only For
Manufacturer
Traders
Restaurants
and they are required to pay tax @ 2%, 1%, 5% respectively on Turnover

1 Like