20 February 2020
The following people cannot opt for the scheme- 01. Manufacturer of ice cream, pan masala, or tobacco 02. A person making inter-state supplies 03. A casual taxable person or a non-resident taxable person 04. Businesses which supply goods through an e-commerce operator
20 February 2020
As per 32nd GST Council Meeting held on 10th Jan 2019, Service Providers can opt into the Composition Tax Scheme, and the Government has set the threshold turnover for service providers at Rs. 50 lakhs to be eligible for this scheme.
20 February 2020
If a registered person has different segments of businesses (such as textile, service, groceries, etc.) under the same PAN, they must register all such businesses under the scheme collectively or opt out of the scheme.
20 February 2020
The dealer cannot supply GST exempted goods Now the point is whether zero rated supply is included in exempted supply or not? zero rated supple (export or supply to SEZ) and exempted is say bread, fresh milk, fresh fruits etc. So? The other than the one supplying exempt goods/service can opt for composition scheme, subject to other restrictive conditions as set in earlier reply