Composition scheme eligibility clarified: exempt interest or discount services excluded from aggregate turnover and do not bar suppliers. Suppliers who provide goods/services under paragraph 6(b) of Schedule II and also supply exempt services, including interest or discount on deposits, loans or advances, shall not be ineligible for the composition scheme if they meet other conditions; and the value of such exempt services shall be excluded from aggregate turnover when determining composition eligibility.
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Composition scheme eligibility clarified: exempt interest or discount services excluded from aggregate turnover and do not bar suppliers.
Suppliers who provide goods/services under paragraph 6(b) of Schedule II and also supply exempt services, including interest or discount on deposits, loans or advances, shall not be ineligible for the composition scheme if they meet other conditions; and the value of such exempt services shall be excluded from aggregate turnover when determining composition eligibility.
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