COMPOSITION levy SCHEME for service provider
Ayush Pandoh (11 Points)
02 August 2022
Can a pest control service provider can opt for composition levy scheme
3 Replies
Kuldeep Negi
(12 Points)
Replied 02 August 2022
Yes, pest control service provider can opt but there is some conditions
1. The supplier of service must have a turnover of less than Rs. 50 lakh in the previous financial year.
2. The supplier should not be supplying non-taxable goods.
3. The supplier should not be engaged in making inter-state supplies.
4. The supplier must issue a bill of supply instead of a tax invoice.
5. The supplier must mention the words ‘composition taxable person’ on the bill of supply.
6. The supplier cannot charge and collect tax from the customer.
7. The supplier cannot claim the input tax credit.
8. The supplier must pay normal tax for reverse charge supplies.
1. The supplier of service must have a turnover of less than Rs. 50 lakh in the previous financial year.
2. The supplier should not be supplying non-taxable goods.
3. The supplier should not be engaged in making inter-state supplies.
4. The supplier must issue a bill of supply instead of a tax invoice.
5. The supplier must mention the words ‘composition taxable person’ on the bill of supply.
6. The supplier cannot charge and collect tax from the customer.
7. The supplier cannot claim the input tax credit.
8. The supplier must pay normal tax for reverse charge supplies.
sabyasachi mukherjee
(27613 Points)
Replied 03 August 2022
A registered taxable person can issue tax invoice irrespective of the nature of assesse.
Recent Topics
- TDS on gift from real brother into NRO account - s
- Treatment of Branch transfers under GST to differe
- What are the key factors to consider when selectin
- GST department monitoring financial transactions U
- Omr wrongly shaded
- RCM applicability if received from registered deal
- GST - bill to ship to
- TDS and GST ITC on Membership fees to club
- ITC on Canteen Services by Outsiders
- STPI/Non-STPI registration
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
