Composition scheme eligibility clarified: interest and discount from deposits, loans or advances excluded from turnover calculation. Supplies of exempt services consisting of extending deposits, loans or advances where consideration is interest or discount shall be excluded when determining eligibility for the composition scheme under the second proviso to sub section (1) of section 10 and shall not be included in aggregate turnover computations for that purpose.
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Composition scheme eligibility clarified: interest and discount from deposits, loans or advances excluded from turnover calculation.
Supplies of exempt services consisting of extending deposits, loans or advances where consideration is interest or discount shall be excluded when determining eligibility for the composition scheme under the second proviso to sub section (1) of section 10 and shall not be included in aggregate turnover computations for that purpose.
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