Sir, if composition scheme is not valid for contractor how can they make return?
Ashim kr Ray (social service) (1713 Points)
19 June 2017Ashim kr Ray (social service) (1713 Points)
19 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195332 Points)
Replied 19 June 2017
Maintaining digital records will be mandatory, as online filing of monthly ITR will be needed. Can borrow professional services.......
Ashim kr Ray
(social service)
(1713 Points)
Replied 19 June 2017
Sir, whether contractor can avail to get ITC if he purchase material both from intra -state and inter -state.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195332 Points)
Replied 19 June 2017
Yes, but under normal scheme. As ITC cannot be availed by composition traders.
Some other compliance also required to be checked, like output services to be taxable with ITC (it should not be tax-exempt)
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