IndigoLearn

Forums

Clarification on levy and collection of GST

In the illustration 1 of the levy and composition scheme it is mentioned as can sai and trading company opt for composition scheme as on 31-10-17 whose aggregate turn over is 78 lakhs in the preceding financial year The answer mentioned is as per provisions of sec 10 he can opt for composition scheme But he cannot opt for composition scheme in the middle of the year right? Since they have not mentioned he is a regular dealer or not in the previous year.. how should we assume?


sai krishna teja

sai krishna teja

CA Inter

480

06-May-20 21:09

26

Answers (1)

Itâ??s only an assumption. And we are just answering about possibility to opt. Ofcourse a person cannot opt for composition scheme in the middle of the Financial Year


Suraj Lakhotia

Suraj Lakhotia

Admin

08-May-20 21:22

Individual Modules are back
CA Foundation Scholarship
IL Pass percentages
SFM Launch
Tally Free
Quote
Refer
EMI
Lazypay
Past_Exams
Economics for Finance Launch