
Who are the persons doing trading not eligible for composition scheme?
Who are the persons doing trading not eligible for composition scheme?
Punch your phone number in the box below
I’II send an OTP on it.
I won’t confide your phone with anyone.
I appreciate your effort.
May I request you to select one of the reasons for purging from below.
Disrespectful or rude towards a person or a group.
Promotes an undisclosed link or product or service.
Not seeking genuine answers .
Vulgar, Obscene, abusive etc..
Not a post on law or business.
Copied from other website or source and pasted here.
Has bad format, grammar, spelling so requires moderatation.
Thank you,
Yours sincerely,
Aaradhika, Thakurani's bestie
I appreciate your effort.
May I request you to select one of the reasons for purging from below.
Disrespectful or rude towards a person or a group.
Promotes an undisclosed link or product or service.
Not seeking genuine answers .
Vulgar, Obscene, abusive etc..
Not a post on law or business.
Copied from other website or source and pasted here.
Has bad format, grammar, spelling so requires moderatation.
Thank you,
Yours sincerely,
Aaradhika, Thakurani's bestie
Who are the persons doing trading not eligible for composition scheme?
Who are the persons doing trading not eligible for composition scheme?
Composition scheme under the law is for small businesses. This is to bring relief to small businesses so that they need not be burdened with the compliance provisions under the law. Thus, an option has been provided where an asssessee can opt to pay tas on a fixed percentage of turnover. However, following assessee can not opt for the composition scheme.
a) supplier of services (except restaurants)
b) a person engaged in making any supply of goods which are not leviable to tax under this Act;
c) a person engaged in making any inter-State outward supplies of goods;
d) a supplier making any supply of goods through an electronic commerce operator who is required to collect tax at source under section 52;
Thus from traders’ point of view, he should be selling the goods within a state.
You marked successfully unsatisfactory answer
My Dear ,
I thank you for marking the answer as satisfactory.
I have noted.
It will be very nice and helpful to our other members (and the answerer too) if you mark your satisfaction level on the grade scale below.
Please feel free to mark any point. I don't share it with anyone. I use it for doing my internal calculations only. I use these calculations to evaluate the service performance of the relevant virtuoso.
Here is the grade scale:
Virtuoso could have given a better solution.
I am satisfied with virtuoso's answer.
An excellent answer I am impressed.
I will ask my next question to this virtuoso only.
Thank you,
Yours sincerely,
Anu, Thakurani's bestie
Check your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itCheck your phone. I have messaged an OTP. It is a 6 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itCheck your phone. I have messaged an OTP. It is a 5 digit number. Feed it in the box below
Do you want me to resend the OTP? Yes resend itThanks, for confirming your phone number.
You can change it in your profile.Are you a tax professional?
If yes, then you can earn
money through me.
download the mobile app
You have successfully created your diary. You can access it from 'Store/Your Stuff' section.
OK