composition scheme
sukanya suku (16 Points)
20 July 2017
dealer whose turnover is below 75lacs , is it compulsory to avail composition scheme or he can be as a normal tax payer
2 Replies
SUSHANT KUMAR
(Employed)
(258 Points)
Replied 20 July 2017
Composition scheme is not compulsory for businesses whose turnover is below 75 lacs... But it is better to opt for composition scheme for turnover below 75 lacs becoz there will be more compliance which will be done every month. So it's better to opt for composition scheme and pay tax @ 1% of Turnover.
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