Composition Scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 January 2011
My client dealer is in kirana business from last 2 year by opting composition scheme.
During f. y. 2009-10 he started steel business in feb 2010 by applying regular scheme, for such he was made such application to sales tax dept in feb. 2010
Steel turn over is Rs. 14 cores
Now my quarry is can I opted two different schemes for two different businesses by same proprietor in same firm. Or I can opt composition scheme up to 50 lacs as per vat act and then regular scheme.
Thanking you in advance.
During f. y. 2009-10 he started steel business in feb 2010 by applying regular scheme, for such he was made such application to sales tax dept in feb. 2010
Steel turn over is Rs. 14 cores
Now my quarry is can I opted two different schemes for two different businesses by same proprietor in same firm. Or I can opt composition scheme up to 50 lacs as per vat act and then regular scheme.
Thanking you in advance.
03 February 2011
Under VAT System Taxable Person should be allocated only one VAT no.for all businesses done by him. In other words a person cannot hold two VAT No at a time.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
