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Thesh hold limit & Composition levy
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....hesh hold limit & Composition levy<br> Query (Issue) Started By: - Swapneswar muduli Dated:- 26-5-2017 Last Reply Date:- 30-5-2017 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>Dear Experts. Thresh hold limit for Registration is 20 lacs if the person don't do any interstate transaction. and take composition levy in his turnover below 50 lacs. My question is if the same person with ....
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....same PAN no take registration in two difference state and doing business on that state only in that case he may avail the thresh hold limit if separate states individual turn over is below 20lac. but his both states turn over may go up if he combine the both business turn over. what happen in this same case for composition levy. Regards Swapneswar. Reply By Himansu Sha: The Reply: No benefit ....
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....under sec 10 Reply By MUKUND THAKKAR: The Reply: please read following which has self Self explanatory. All taxable persons covered by the same PAN shall be under composition across India. Any intimation of option to avail composition scheme in respect of any place of business in any State or UT shall be deemed to be an intimation in respect of all other places of business registered on the sa....
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....me PAN. Reply By Himansu Sha: The Reply: Clarification issued under FAQ Q 8. Will a taxable person be eligible to opt for composition scheme only for one out of 3 business verticals? Ans. No, composition scheme would become applicable for all the business verticals/registrations which are separately held by the person with same PAN It means all the transactions will be considered for compositi....
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....on turnover. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorsed the views of experts. Reply By Himansu Sha: The Reply: Thank you sir Reply By Ganeshan Kalyani: The Reply: I too of the views as expressed by Sri Mukund Ji and Sri Himansu Ji.<br> Discussion Forum - Knowledge Sharing ....