Composition scheme eligibility clarified: suppliers of specified supply types may remain eligible despite providing exempt interest-related services. A supplier who furnishes goods and/or services under clause (b) of paragraph 6 of Schedule II and also supplies exempt services, including interest- or discount-based services relating to deposits, loans or advances, shall not be ineligible for the composition scheme under section 10 solely for that reason; when determining composition eligibility, the value of such exempt services shall be excluded from the supplier's aggregate turnover.
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Provisions expressly mentioned in the judgment/order text.
Composition scheme eligibility clarified: suppliers of specified supply types may remain eligible despite providing exempt interest-related services.
A supplier who furnishes goods and/or services under clause (b) of paragraph 6 of Schedule II and also supplies exempt services, including interest- or discount-based services relating to deposits, loans or advances, shall not be ineligible for the composition scheme under section 10 solely for that reason; when determining composition eligibility, the value of such exempt services shall be excluded from the supplier's aggregate turnover.
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