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GOODS SERVICE TAX
Who are eligible for Composition Scheme & What type of book of accounts does composition scheme dealer should maintain?
Replies (7)
Kindly refer: gst/composition-scheme AND
Only Manufacturer, Traders, Hotels in Service sector whose annual turnover is below 1 cr can Opt for Composition Scheme
They need to maintain books of Accounts like incase of Regular tax payers.
They needs to pay Tax based on their Turnover
They need to maintain books of Accounts like incase of Regular tax payers.
They needs to pay Tax based on their Turnover
who not cover 20 lac turnover
those who do intra state supply
those who do intra state supply
can a Car Rental To Passenger Service Business eligible for GST composition scheme?
No, Mr.Dipam,
Composition Scheme will be available only For
Manufacturer
Traders
Restaurants
and they are required to pay tax @ 2%, 1%, 5% respectively on Turnover
Composition Scheme will be available only For
Manufacturer
Traders
Restaurants
and they are required to pay tax @ 2%, 1%, 5% respectively on Turnover
Thank You Very Much Sir for answer
So Car Rental For Passenger Service Business will be registered under Regular GST?
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