Other services by composition tax payer:-

Indirect Taxation

Value of any other services = 10% of turnover in state in preceeding FY (or) 5L - whichever is higher. In this sentence, Please explain, what is "value of other service"?

Girinath A

CA Inter

★ 765

12-Mar-22 16:08

556

Answers (1)

In general, service provider cannot opt for regular composition scheme. However, if any trader or manufacturer or restaurant service provider opts for composition scheme he can continue under composition even if he provides any other services provided the value of that other service does not exceed 10% of turnover in state in preceeding FY or 5L whichever is higher.

Shiva Teja

Faculty

12-Mar-22 18:06