Composition scheme

Indirect Taxation

It has been said that service providers except restaurant and catering service providers cannot opt for composition scheme. . I have visited a computer service shop a few days ago, on the name plate of the shop, it was written that they are a composite dealer. Can you please explain why?? My father does business fly ash bricks, he said that he pays GST quarterly, you said that manufacturers doing fly ash bricks cannot opt for composition scheme...??? Video Details ------------- Indirect Taxes - GST (I) Charge of GST #29. Other services by composition taxpayer

Nandini Narreddy

CA Inter

★ 925

24-Aug-24 17:16

380

Answers (4)

Best Answer

Service providers cannot take 10(1) but they can take composition under Section 10(2A) and the tax rate is 6 percent

Shiva Teja

Faculty

24-Aug-24 17:21

Fly ash bricks manufacturer cannot take composition but they can pay tax quarterly as per QRMP scheme as discussed in returns chapter

Shiva Teja

Faculty

24-Aug-24 17:22

Shiva Teja Faculty

Fly ash bricks manufacturer cannot take composition but they can pay tax quarterly as per QRMP scheme as discussed in returns chapter

Thanks you sir.. all clear

Thread Starter

Nandini Narreddy

CA Inter

★ 925

24-Aug-24 18:01

Thread Starter

Nandini Narreddy

Thanks you sir.. all clear

Thank you sir****

Thread Starter

Nandini Narreddy

CA Inter

★ 925

24-Aug-24 18:01