Menu
Sir, if composition scheme is not valid for contractor how can they make return?
Sir,
I want to know the contractor who bid a tender, and involve in man power supply & construction. They are very unorganized and they donot maintain proper bill ,what they will do in GST regime as they are not eligible to opted for composition schemed,which they earlier used to do.
Replies (3)
Maintaining digital records will be mandatory, as online filing of monthly ITR will be needed. Can borrow professional services.......
Sir, whether contractor can avail to get ITC if he purchase material both from intra -state and inter -state.
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)
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
