GST COMPOMSITION SCHEME

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....ST COMPOMSITION SCHEME<br> Query (Issue) Started By: - TM ARJUN Dated:- 25-6-2017 Last Reply Date:- 27-6-2017 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>DEAR SIR PLEASE GIVE ME DETAILS F....

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....OR - IF A DEALER ENGAGED BUSINESS IN LOCAL STATE ONLY BY MFG 50% AND SERVICES 50% , BOTH OF HIS TURNOVER BELOW 75 LACKS WHETHER HE IS ELIGIBLE FOR OPTION TO COMPOSITION TAX SCHEME UNDER GST. T M ARJ ....

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.... CHENNAI Reply By KASTURI SETHI: The Reply: Only one servic i.e. restaurant service is eligible for composition scheme. There is no such like 50 : 50 provision in GST. Reply By Gorantla Bhaskar Rao....

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....: The Reply: Dear querist Small tax payers with an aggregate turnover in a preceding financial year upto &#8377; 75 lakhs shall be eligible for composition levy. Under the scheme, a tax payer shall ....

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....pay as a percentage of his turnover without the benefit of Input tax credit. A tax payer opting for composition levy shall not collect any tax from his customers. As rightly explained by Shri Sethi si....

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....r, in case of services, only restaurants can opt for composition scheme.<br> Discussion Forum - Knowledge Sharing ....