Composition special cases

0.5+0.5 which is treated same as a manufacturing activity

varshath kumar

CA Inter

★ 10

21-Apr-20 17:14

Service provider is liable to be taxed at 3% +3% ?

Pranav Connecting...

CA Inter

★ 4K+

22-Apr-20 13:02

That's only in case where service is provided and turnover doesn't exceed 50 lakhs na?

Venkateshwara Prabhu

CA Inter

★ 16K+

24-Apr-20 18:41

In the above case, aggregate turnover of services be maximum upto 15 lakhs for opting composition scheme.also it meant for small service providers.

Pranav Connecting...

CA Inter

★ 4K+

24-Apr-20 23:04

Its 50 lakhs...

Venkateshwara Prabhu

CA Inter

★ 16K+

25-Apr-20 04:53

He will pay tax at composition rate only

Shiva Teja

Faculty

25-Apr-20 14:06

Composition scheme persons can provide other services upto 10 percent of turnover in state in preceding FY or 5 Lakhs whichever is higher

Shiva Teja

Faculty

25-Apr-20 14:07

This special provision is there only in composition scheme and not in Notification 2/2019

Shiva Teja

Faculty

25-Apr-20 14:07

Sir it means that they hadn't specify the rate??

Thread Starter

Sunita Gupta

CA Inter

★ 2K+

25-Apr-20 14:12

No specific rate is given for that 10 percent of services so it should be composition rate only

Shiva Teja

Faculty

25-Apr-20 14:17

.5%(c) + .5% (s) is composition rate ??

Thread Starter

Sunita Gupta

CA Inter

★ 2K+

25-Apr-20 14:23

Yes

Shiva Teja

Faculty

25-Apr-20 14:26