SECTION 10(2) - Conditions needs to be fulfilled for previous financial year also?

[CHINTAPALLI MANIKANTA]

Sir, do we need to fulfill the conditions mentioned in 10(2) for previous financial year also or only for current financial year i.e. after opting the composition scheme.

I read an article regarding this topic, that is why I'm posting this query?

https://www.taxtmi.com/tmi_notes?id=295

AI Summary

Composition scheme eligibility clarified: conditions apply after opting, with turnover threshold assessed from preceding year.
Eligibility criteria for the composition scheme should be assessed at the time of opting, while most operative conditions apply during the current year after opting. Turnover-based threshold requirements are assessed with reference to the preceding year, but prohibitions on certain categories of supplies and other compliance obligations govern conduct after the scheme is chosen.