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Composition scheme

Indirect Taxation

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

CA Inter

★ 0

22-Sep-20 15:45

364

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.