A person availing composition scheme during a financial year crosses the turnover of 75 Lakhs ( 50 lakhs in hil areas) during the course of the year i.e. say he crosses the turnover of 75 Lakhs ( 50 lakhs in hil areas) in December? Will he be allowed to pay tax under composition scheme for the remainder of the year i.e. till 31st March?

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....khs in hil areas) in December? Will he be allowed to pay tax under composition scheme for the remainder of the year i.e. till 31st March?<br>Section 10 - Composition levy. THE CENTRAL GOODS AND SERVIC....

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....ovisions of Rule 6(2) states that: (2) The person referred to in sub-rule (1) shall be liable to pay tax under sub-section (1) of section 9 from the day he ceases to satisfy any of the conditions men....