Composition Scheme

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..... Are works contract covered under composition scheme? If not, whether any abatement is provided as in Service Tax? And what rate will apply for supply of goods and supply of services? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Section 10(2) of CGST Act provides that the registered person shall be eligible to opt under composition scheme, if- (a) he is not engaged in the supply of serv .....

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..... ices other than supplies referred to in clause (b) of para 6 of Schedule II ; (b) he is not engaged in making any supply of goods which are not leviable to tax under this Act; (c) he is not engaged in making any inter-State outward supplies of goods; (d) he is not engaged in making any supply of goods through an electronic commerce operator who is required to collect tax at source under .....

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..... section 52 ; and (e) he is not a manufacturer of such goods as may be notified by the Government on the recommendations of the Council. If you are covered under any of the above five categories you are not eligible to avail composition scheme. The rate has not yet been finalized and so the abatement etc., - Reply By Ganeshan Kalyani - The Reply = In my view, works contract is not cov .....

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..... ered under composition scheme under draft law. Yes rate is yet to be finalised itemwise. - Reply By Himansu Sha - The Reply = It appears the works contracts are in clause a of paragraph 6 of schedule-II. Not eligible for composition scheme. - Reply By subramanian vijayakumar - The Reply = Works. Contract. Will not come under composition scheme.as it id considered. As Service. And no service .....

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..... could opt for compo - Composition Scheme - Query Started By: - Siddharaj Deora Dated:- 2-5-2017 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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