why no service in composition....
This query is : Open
21 November 2017
why are small service providers not included in composition scheme..what is the logic....
22 November 2017
A taxpayer whose turnover is below Rs 1,5 crore* can opt in for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh.
The following people cannot opt for the scheme:
Supplier of services other than restaurant related services
Manufacturer of ice cream, pan masala, or tobacco
Casual taxable person or a non-resident taxable person
Businesses which supply goods through an e-commerce operator
w.e.f. from 23rd GST Meeting:
Taxpayers registered under the GST Composition Scheme can now supply services with a taxable value of upto Rs.5 lakhs per annum
Those supplying goods and services (services not exceeding Rs 5 lakhs in total) eligible for compositions scheme.
The following people cannot opt for the scheme:
Supplier of services other than restaurant related services
Manufacturer of ice cream, pan masala, or tobacco
Casual taxable person or a non-resident taxable person
Businesses which supply goods through an e-commerce operator
w.e.f. from 23rd GST Meeting:
Taxpayers registered under the GST Composition Scheme can now supply services with a taxable value of upto Rs.5 lakhs per annum
Those supplying goods and services (services not exceeding Rs 5 lakhs in total) eligible for compositions scheme.
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22 November 2017
THANKS SIRJI..... That's great..but that's only allowed if u qualify for scheme due to trader.. manufacturer or restaurant.....
also any idea of notification 11/11/17 for printing n copying...Pl see last 2 point...can't interpret it ..very confusing....12 18 percet
22 November 2017
THANKS SIRJI..... That's great..but that's only allowed if u qualify for scheme due to trader.. manufacturer or restaurant.....
also any idea of notification 11/11/17 for printing n copying...Pl see last 2 point...can't interpret it ..very confusing....12 18 percent for photocopying as using my own ink n paper.... PLEEEEEESSSSSee CHJ N ASSSSSISSSTTTT re
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