TaxTMI 
TaxTMI 
Is there a composite scheme for service sector, we are into ship repairs and compete with ship repairers from Singapore, due to high 18% tax we fail to get repair jobs to INDIA from the South East.
Composite scheme
28 Oct 2017 
6 Replies 
1663 Views Asked by
Composite scheme for services currently limited; expansion may occur by notification, but most services presently ineligible.
Only restaurant services are included in the composite scheme under GST and most service providers are currently ineligible; expansion to additional services can occur only if the government issues a Notification following GST Council decisions. Stakeholders proposed raising the eligibility threshold and applying a low turnover levy for services and were advised to represent these suggestions to the GST Council. (AI Summary)
Only restaurant services are included in the composite scheme under GST and most service providers are currently ineligible; expansion to additional services can occur only if the government issues a Notification following GST Council decisions. Stakeholders proposed raising the eligibility threshold and applying a low turnover levy for services and were advised to represent these suggestions to the GST Council. (AI Summary)