Composition scheme eligibility clarified: interest or discount on deposits, loans or advances excluded from turnover calculations. The Order clarifies that the value of exempt services consisting of extending deposits, loans or advances, insofar as consideration is represented by interest or discount, shall not be taken into account for determining eligibility for the composition scheme under the relevant proviso nor in computing aggregate turnover for composition eligibility.
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Composition scheme eligibility clarified: interest or discount on deposits, loans or advances excluded from turnover calculations.
The Order clarifies that the value of exempt services consisting of extending deposits, loans or advances, insofar as consideration is represented by interest or discount, shall not be taken into account for determining eligibility for the composition scheme under the relevant proviso nor in computing aggregate turnover for composition eligibility.
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