TaxTMI 
TaxTMI 
TaxTMI 
Composition Scheme
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....omposition Scheme<br> Query (Issue) Started By: - Siddharaj Deora Dated:- 2-5-2017 Last Reply Date:- 27-7-2017 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Are works contract covered under composition scheme? If not, whether any abatement is provided as in Service Tax? And what rate will apply for supply of goods and supply of services? Reply By MARIAPPAN GOVINDARAJAN: The Reply: Sect....
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....ion 10(2) of CGST Act provides that the registered person shall be eligible to opt under composition scheme, if- (a) he is not engaged in the supply of services other than supplies referred to in clause (b) of para 6 of Schedule II; (b) he is not engaged in making any supply of goods which are not leviable to tax under this Act; (c) he is not engaged in making any inter-State outward supplies o....
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....f goods; (d) he is not engaged in making any supply of goods through an electronic commerce operator who is required to collect tax at source under section 52; and (e) he is not a manufacturer of such goods as may be notified by the Government on the recommendations of the Council. If you are covered under any of the above five categories you are not eligible to avail composition scheme. The r....
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....ate has not yet been finalized and so the abatement etc., Reply By Ganeshan Kalyani: The Reply: In my view, works contract is not covered under composition scheme under draft law. Yes rate is yet to be finalised itemwise. Reply By Himansu Sha: The Reply: It appears the works contracts are in clause a of paragraph 6 of schedule-II. Not eligible for composition scheme. Reply By subramanian vi....
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....jayakumar: The Reply: Works. Contract. Will not come under composition scheme.as it id considered. As Service. And no service could opt for compo<br> Discussion Forum - Knowledge Sharing ....