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Opt for composition scheme

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(Querist)
01 January 2018 Hi,

Can we opt now composition scheme now? If yes , from when will be the same effective.

Please advice

Regards,
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Guest

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Guest (Expert)
01 January 2018 Yes you can very well opt for the scheme.It will be effective from next month.
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Dipen

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Dipen (Querist)
01 January 2018 Thanks!

So for eg : If i file intimation in the month of Jan , then the same will be effective from 01/02/2018? If yes , then 1% levy also should be from 01/02/2018 or from filing of intimation date?

Regards,
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CA Suresh Jain

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CA Suresh Jain (Expert)
01 January 2018 Section 10 does not provide for any effective date and therefore, effective date would be the date of filing intimation

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