TOBBACCO DEALER

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TAX PRACTITIONER
293 Points Posted on 11 November 2020
Dear respected sir, My client is seller of Tobacco can he Opt Composition Scheme.
Plz Guide Me.
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On 11 November 2020 at 12:21 Report
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Quick Summary
This discussion clarifies whether a tobacco dealer can opt for the Composition Scheme. The consensus is yes, provided the business's aggregate turnover does not exceed £1.5 crore. The restriction on the Composition Scheme applies to manufacturers of tobacco products, not to traders.

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CA Student
15932 Points Posted on 11 November 2020
Originally posted by : RAVINDRA GANGADHAR DEVALE
Dear respected sir, My client is seller of Tobacco can he Opt Composition Scheme.Plz Guide Me.

YES, as there is no restriction in trading of such goods (restriction is for its manufacturers).

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On 11 November 2020 at 12:47
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Student
23693 Points Posted on 11 November 2020
Yes your client can opt for Composition Scheme provided his Aggregate Turnover does not exceeds Rs. 1.5 crores. The restriction is only on Manufacturers of Tobacco Products. Not on traders.
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On 11 November 2020 at 19:38

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