Opting for composition scheme under new rule

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Finance Professional
30 Points Posted on 25 August 2020
For this we have to consider PAN base all india turnover or location base.
If any comany have all india turnover is more than 1.5 cr , but some branches have lesser turnover , can we opt for composition scheme as above. Pls advise
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On 25 August 2020 at 09:21 Report
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This discussion clarifies the eligibility criteria for opting into the composition scheme under new regulations. It confirms that eligibility is determined by the total turnover across all India based on the PAN, not by individual branch turnovers. Therefore, if your company's All India PAN-based turnover exceeds the threshold of 1.5 crore, you are eligible to opt for the composition scheme, regardless of individual branch performance.

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Tax and Business Consultant
11616 Points Posted on 25 August 2020
No, you have to check on all India PAN base turnover for eligibility of composition schemes.

If All india PAN based turnover exceed the threshold of 1.5 crore, than you are eligible to opt for composition scheme at any branch in india.
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On 25 August 2020 at 09:53
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T
405 Points Posted on 25 August 2020
No composition scheme is pan based
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On 25 August 2020 at 11:09

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