Deep Shah (Job) (169 Points)
06 April 2018Hello Members,
We are having Printing & Stationery Retail Shop (Annual Turnover below Rs. 25 Lakhs) and taken composition scheme. Today I have heard that Composition dealer can provide services with goods but upto Rs. 5 Lakhs only. So I need to know whether Xerox is covered under Goods or Service?
Please let me know. Thank You.
Deep Shah
(Job)
(169 Points)
Replied 06 April 2018
so that means my annual turnover of xerox should be below Rs. 5 Lakhs otherwise my composition scheme will be invalid ?
CA Mukesh Soni
(Practicing Chartered Accountant)
(55 Points)
Replied 07 April 2018
Zerox activities will be considered as Service. Thus you are not eligible for composition scheme
Deep Shah
(Job)
(169 Points)
Replied 07 April 2018
But what if our annual xerox turnover is below Rs. 5 Lakhs and material sale below Rs. 20 Lakhs? Are we eligible for composition scheme?
CAclubindia
