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TaxTMI 
Composition levy
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....omposition levy<br> Query (Issue) Started By: - Bharat Cholleti Dated:- 28-7-2022 Last Reply Date:- 1-8-2022 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>Dear sir, Dealer registered as composition taxable person carrying trading activity and remitting 1% GST. Now he got a Civil contract from Local greater Hyderabad Municipal corporation at about Rs.50 lakhs can he pay 6% on these turno....
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....ver. both clubbed turnover may not exceed Rs1-00 crore. Is there any restriction for doing service on the same composition. please clarify sir, thanks in advance. Reply By Amit Agrawal: The Reply: In my personal view, one can not opt for composition scheme/s u/s 10 (1) & 10 (2A) simultaneously. And following proviso u/s 10 (1) needs to be noted: Provided further that a person who opts to pay ta....
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....x under clause (a) or clause (b) or clause (c) may supply services (other than those referred to in clause (b) of paragraph 6 of Schedule II), of value not exceeding ten per cent. of turnover in a State or Union territory in the preceding financial year or five lakh rupees, whichever is higher. These are ex facie views of mine and the same should not be construed as professional advice / suggesti....
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....on. Reply By KASTURI SETHI: The Reply: Not allowed at all. I agree with Sh.Amit Agrawal Sir. Reply By Bharat Cholleti: The Reply: sir, Okay sir, Can the same person is eligible to apply another composition registration for the purpose and can do business? Reply By Amit Agrawal: The Reply: Proviso under Section 10 (2) reads as under: Provided that where more than one registered persons ar....
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....e having the same Permanent Account Number (issued under the Income-tax Act, 1961) (43 of 1961) , the registered person shall not be eligible to opt for the scheme under sub-section (1) unless all such registered persons opt to pay tax under that sub-section. Proviso u/s 10 (2A) reads as follows: Provided that where more than one registered person are having the same Permanent Account Number iss....
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....ued under the Income-tax Act, 1961 (43 of 1961.), the registered person shall not be eligible to opt for the scheme under this sub-section unless all such registered persons opt to pay tax under this sub-section. So, answer to your question in post as serial number 3 is NO, same is not possible. These are ex facie views of mine and the same should not be construed as professional advice / sugges....
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....tion. Reply By Bharat Cholleti: The Reply: Thank you sir, When vertical businesses is allowed why not this sir? vertical is also on the same PAN. Reply By Amit Agrawal: The Reply: Tax-payer can have two separate registrations for two different premises. But, he cannot opt for composition scheme/s u/s 10 (1) & 10 (2A) simultaneously - one way or other. In other words, getting second registra....
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....tion does NOT allow tax-payer to opt for two composition scheme/s (i.e. u/s 10 (1) & 10 (2A)) in two different registrations. Reasons for this is explained in earlier posts. These are ex facie views of mine and the same should not be construed as professional advice / suggestion.<br> Discussion Forum - Knowledge Sharing ....