Meghalaya GST composition scheme clarified: exempt services and interest excluded from aggregate turnover for eligibility. Clarifies that a supplier of goods/services in paragraph 6(b) who also supplies exempt services, including extending deposits, loans or advances where consideration is interest or discount, 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 eligibility for the composition scheme.
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Meghalaya GST composition scheme clarified: exempt services and interest excluded from aggregate turnover for eligibility.
Clarifies that a supplier of goods/services in paragraph 6(b) who also supplies exempt services, including extending deposits, loans or advances where consideration is interest or discount, 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 eligibility for the composition scheme.
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