Composition scheme - very urgent please help
This query is : Open
02 October 2017
Dear Experts
Can a dealer who annual turnover is less than Rs 50 lakhs opt for Composition scheme. He is also running a poultry farm where he raises and sells chicken on contract basis.( Poultry farm is exempt but whether running it on contract basis will be a service and because a service is involved, will he be ineligible for composition scheme)
Please reply
Can a dealer who annual turnover is less than Rs 50 lakhs opt for Composition scheme. He is also running a poultry farm where he raises and sells chicken on contract basis.( Poultry farm is exempt but whether running it on contract basis will be a service and because a service is involved, will he be ineligible for composition scheme)
Please reply
CA R SEETHARAMAN
(Expert)
02 October 2017
Yes he will be ineligible to opt for composition scheme in view of providing service of contract farming.
CA Rashmi Gandhi
(Expert)
02 October 2017
Not eligible as providing service also.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Advances to related party
- Royalty payments to the Mining Department for procurement of murum - GST input
- Gift to nri relatives residing in usa
- IMS (import of goods) ITC related
- Capital gains in IT returns
- Form 144 TDS Return Validation error
- GSTR9 Annual Return
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
