21 February 2014
Composition scheme is a scheme made by Govt to provide benefit to dealer, in this scheme rate of tax is decided by govt, which is lesser than regular rate of tax. a dealer can opt this scheme if he fit and fulfill terms of opting the scheme. normally work contractors, hotel business, beckary, etc opt this scheme.
21 February 2014
Composition scheme is a scheme made by Govt to provide benefit to dealer, in this scheme rate of tax is decided by govt, which is lesser than regular rate of tax. a dealer can opt this scheme if he fit and fulfill terms of opting the scheme. normally work contractors, hotel business, beckary, etc opt this scheme.