IndigoLearn

Forums

Composition scheme

1.Rcm will b applicable in composition scheme? 2.Manufacturer or trader can also provide other small service and we hv limits for that right.. What if the main trading activity is oly 1.5 cr sir can he also provide other small service within the prescribed limits. That is 10% of turnover or 5 lakhs whichever is higher


Shruthi V

Shruthi V

CA Inter

0

22-Sep-20 15:45

33

Answers (1)

1. Even for composition registered person, RCM provisions will apply. 2. Not possible since once turnover exceeds 1.5 crore, he cannot continue under composition scheme.


Shiva Teja

Shiva Teja

Faculty

22-Sep-20 15:49

Inter Testimonials
Testimonials CA Foundation July 21
Study Planner
Excel Launch
Fundamentals of Blockchain
Financial Modelling
Refer
EMI
Past_Exams