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Asked by namish on :Jul. 17, 2018

What are the drawbacks of opting for the composit…

What are the drawbacks of opting for the composition scheme with regards to the business territory?

What are the drawbacks of opting for the composition scheme with regards to the business territory?

0

Chiranjibi Jul. 17, 2018

A taxpayer registered under the composition scheme is barred from carrying out inter-state transactions and cannot offer import-export of goods and services.

Thus, he is compelled to carry out only intra-state transactions and this limits the territory of his business.

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