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Service on compustion
kya service main composition applicable h ?agr h tho goods commission base pr kiya jata h tho kya rate off tax hoga 1%,2%5%?? plz help
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Haan hi AAP Composition scheme opt mar saktey ho his main sirf services provide kat saktey ho
As per Sub-section (2A) of Section 10, Yes. can opt for composition scheme whose Aggregate Turnover do not exceed 50lac in Preceding FY. but with few restrictions :
1. cannot Supply Interstate
2. Cannot supply goods or services. which is not leviable to Tax
3. Required to pay 6% GST on turnover (Cannot collect tax from Recepient)
4. No ITC available
As per Sub-section (2A) of Section 10, Yes. can opt for composition scheme whose Aggregate Turnover do not exceed 50lac in Preceding FY. but with few restrictions :
1. cannot Supply Interstate
2. Cannot supply goods or services. which is not leviable to Tax
3. Required to pay 6% GST on turnover (Cannot collect tax from Recepient)
4. No ITC available
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