composition scheme v/s normal scheme
Shubham Gupta (Student) (76 Points)
11 June 2018
can anyone tell me is composition scheme better than normal scheme?
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 11 June 2018
Both have its own pros & cons....... thus depends upon nature of business & turnover.
Generally small retailers who do not charge any additional tax over & above their supply, or having MRP products, or having small turnover etc. would be benefited by composition, with lesser compliance.
In case of B2B for buyers the composition tax charged will a cost and they will avoid any such supplies and you may lose business.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 11 June 2018
Most Welcome, Dear ..........
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
