composition scheme
pawan (student) (27 Points)
22 November 2018
Can single pan holder (proprietor) have multiple GSTIN one under composition and another Normal Taxpayer GSTIN ?
2 Replies
Deep Ranjan
(article)
(113 Points)
Replied 22 November 2018
composition scheme is applicable as pan based, Registered person cannot opt for regular tax and composition tax at the same time.
section 10
Provided that where more than one registered persons are having the same Permanent Account Number [issued under the Income-tax Act, 1961], the registered person shall not be eligible to opt for the scheme under sub-section [1] unless all such registered persons opt to pay tax under that sub-section.
section 10
Provided that where more than one registered persons are having the same Permanent Account Number [issued under the Income-tax Act, 1961], the registered person shall not be eligible to opt for the scheme under sub-section [1] unless all such registered persons opt to pay tax under that sub-section.
Recent Topics
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
Related Threads
CAclubindia
