Composition scheme option status clarified: reply may sustain continuation or result in denial with stated reasons. Option to pay tax under the composition scheme depends on the examined reply to a show cause notice: a satisfactory reply results in continuation and ... Summary
Composition scheme option status clarified: reply may sustain continuation or result in denial with stated reasons.
Option to pay tax under the composition scheme depends on the examined reply to a show cause notice: a satisfactory reply results in continuation and vacation of the notice; an unsatisfactory reply, failure to reply, or non-appearance results in denial of the option effective from a stated date with recorded reasons, formalised by the proper officer's signature and particulars.
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