Composite scheme
Shunaiza Shaikh (28 Points)
28 January 2021
PS laser cutting business can option for composite scheme
5 Replies
prasad Nilugal
(3914 Points)
Replied 28 January 2021
If you making sale out of state or Interstate then composition scheme is not available ,as per notification 2 dated 7/3/2019 .
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 28 January 2021
Yes you can opt for composition.
As you are providing services , In term of Section 10(2A) of CGST Act you can opt for composition scheme if your aggregate turnover in Preceding FY does not exceed 50lac & reguired to Pay GST @ 6% on turnover without ITC .
As you are providing services , In term of Section 10(2A) of CGST Act you can opt for composition scheme if your aggregate turnover in Preceding FY does not exceed 50lac & reguired to Pay GST @ 6% on turnover without ITC .
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