Composition scheme eligibility clarified: interest or discount on deposits, loans or advances excluded from turnover calculation. The Order clarifies that interest or discount received from extending deposits, loans or advances, treated as exempt services, shall not be included for determining eligibility for the composition scheme and shall be excluded from the aggregate turnover computation used to assess composition eligibility.
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Composition scheme eligibility clarified: interest or discount on deposits, loans or advances excluded from turnover calculation.
The Order clarifies that interest or discount received from extending deposits, loans or advances, treated as exempt services, shall not be included for determining eligibility for the composition scheme and shall be excluded from the aggregate turnover computation used to assess composition eligibility.
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