composition scheme
Saurabh Kumar (116 Points)
07 July 2018
can a financial service provider infact who works of documentation for loan take composition scheme?
4 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 07 July 2018
Supplier of services, other than restaurant service, are not eligible for composition scheme [Section 10(2)(a) of the CGST Act].
Vinod Babu
(24191 Points)
Replied 07 July 2018
Sorry for the typing mistake.
Service provider cant opt for composition scheme.
Agreed with Mr. Deepak.
Service provider cant opt for composition scheme.
Agreed with Mr. Deepak.
Shivam RC
(Student)
(23683 Points)
Replied 07 July 2018
As per the Provision of SECTION 10 of CGST ACT 2017, SERVICE PROVIDER other than Restaurants are not eligible to opt for Composition Scheme.
Therefore, a Financial Service Provider can't opt for Composition Scheme u/s 10.
Therefore, a Financial Service Provider can't opt for Composition Scheme u/s 10.
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