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composition scheme for service providers

Priyanka Behl (CA Job) (25 Points)

02 February 2019

Are all service providers having a turnover of less than 50 lakhs eligible for composition scheme? or is there any exception to it?

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4 Replies

shailendra shukla (Bhopal) (1741 Points)
Replied 02 February 2019

those registered person who are supplying their products or services through e-commerce operators are not elligible for this.... please confirm with others also..

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Priyanka Behl (CA Job) (25 Points)
Replied 02 February 2019

i sepcifically want to know the case of cable operators.. if they are eligible for composition scheme. as they fall under section 24 and are liable for compulsory registration..

CA CS Chirag (Practicing CA) (834 Points)
Replied 02 February 2019

Current position :- Only Manufacturers of goods, Dealers, and Restaurants (not serving alcohol) can opt for composition scheme.

as per 32nd meeting of GST Council
6 per cent GST rate applicable to the Composition scheme for service providers and turnover up to 50 lakh per annum

(Above amendments shall be applied after the official government notification)

Ashok Kumar S Kamath (Accounts Manager) (102 Points)
Replied 04 February 2019

A Composition dealer ( service provider) can collect this 6% from his clients or should he pay from his own pocket ? Can interstate billing is possible for him. Can LUT billing is allowable for him under this scheme. ? Pls clarify..