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Composition scheme

01 December 2020

can a solar light and convex mirror seller and doing labour job work on installation.which cover 75%labour job and 25%goods can opt for composition scheme if there turnover is less than 50L

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6 Replies

Shivam RC (Student) (23683 Points)
Replied 01 December 2020

Yes you can opt for Composition Scheme provided your Aggregate Turnover does not exceeds Rs. 50 lakhs...

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Vijayprakash P (1313 Points)
Replied 01 December 2020

You can opt composition scheme

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Alapati Tejaravi (30 Points)
Replied 01 December 2020

Bro I think 40 lakhs is limit

Shivam RC (Student) (23683 Points)
Replied 01 December 2020

No @ Alapati Tejaravi Sir...

The maximum Aggregate Turnover limit to opt for Composition Scheme incase of Service Provider is Rs. 50 lakhs.

Rs. 40 lakhs turnover threshold limit is for the Suppliers who are engaged in "EXCLUSIVE SUPPLY OF GOODS."