Composition scheme eligibility clarified: exempt interest-bearing services excluded from aggregate turnover calculation, preserving scheme access. The Order clarifies that a supplier of goods or services specified in the Schedule who also provides exempt services consisting of interest or discount on deposits, loans or advances is not ineligible for the composition scheme if other conditions are met, and that the value of such exempt services shall be excluded from aggregate turnover when determining composition eligibility.
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The Order clarifies that a supplier of goods or services specified in the Schedule who also provides exempt services consisting of interest or discount on deposits, loans or advances is not ineligible for the composition scheme if other conditions are met, and that the value of such exempt services shall be excluded from aggregate turnover when determining composition eligibility.
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