Examine whether suppliers are eligible for composition scheme u/s 10(1) or 10(2A)
M/s c and Bros is a registered dealer providing restaurant services Maharashtra whose
T/o is 75,00,000 in p.y 21-22
It has started providing intra state service of interior design in current year and discontinued restaurant services
i have a little bit doubt whether which section will be applicable?
will you please provide clarification??
As the aggregate turnover in the preceeding financial year i.e., FY 2021-22 is exceeding Rs 50 lakhs, you were not eligible to continue under composition scheme u/s 10(2A). of CGST Act,2017, you should have opted out of the composition scheme and paid tax under regular scheme.
However, in case your aggregate turnover in FY 2021-22 was less than Rs 50 lakhs, a written intimation to the department about paying tax u/s 10(2A) would have been sufficient.
These are ex facie views of mine and the same should not be construed as professional advice / suggestion.
CAclubindia
