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Composition special cases

Sir, if a person is engaged in manufacturing activity and along with that he is providing another service of interior designing and turnover is less than 10% of aggregate turnover. Now for interior designing service at what rate he is liable to pay tax??


Sunita Gupta

Sunita Gupta

CA Inter

1K+

20-Apr-20 15:13

29

Answers (12)

0.5+0.5 which is treated same as a manufacturing activity


varshath kumar

varshath kumar

CA Inter

10

21-Apr-20 17:14

varshath kumar

0.5+0.5 which is treated same as a manufacturing activity

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


Pranav Connecting...

Pranav Connecting...

CA Inter

4K+

22-Apr-20 13:02

Pranav Connecting...

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

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


Venkateshwara Prabhu

Venkateshwara Prabhu

CA Inter

16K+

24-Apr-20 18:41

Venkateshwara Prabhu

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

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...

Pranav Connecting...

CA Inter

4K+

24-Apr-20 23:04

He will pay tax at composition rate only


Shiva Teja

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

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

Shiva Teja

Faculty

25-Apr-20 14:07

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


Sunita Gupta

Sunita Gupta

CA Inter

1K+

25-Apr-20 14:12

Sunita Gupta

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

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


Shiva Teja

Shiva Teja

Faculty

25-Apr-20 14:17

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


Sunita Gupta

Sunita Gupta

CA Inter

1K+

25-Apr-20 14:23

Sunita Gupta

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

Yes


Shiva Teja

Shiva Teja

Faculty

25-Apr-20 14:26

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