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income from service
what can composition dealer booke service income in books of account
Replies (5)
| Originally posted by : VIJAY | ||
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what can composition dealer booke service income in books of account |  |
No... Comp dealer can't book service income.
If Comp Dealer book service income Composition scheme is not applicable.
As per the recent amendment:Section 10 has been amended so as to enhance the limit of composition levy from 1 crore rupees to 1.5 crore
rupees. Now Composition dealers can supply services of value not exceeding 10% of the turnover in the preceding financial year in a State/Union territory or Rs. 5 lakhs, whichever is higher.
As per New Amendment (no notification), As per GST Council meetings (no notification) Composition dealer can give service as per the above said way...
If Composition dealer deal Cooker / Home appliances then He can also give services to Cooker, Moxie and Home appliances...
But, He can't give Service to Vehicle Services.
If Composition dealer deal Cooker / Home appliances then He can also give services to Cooker, Moxie and Home appliances...
But, He can't give Service to Vehicle Services.
what is tax liability under GST On this income
As per composition scheme Tax Rate...
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