TMI BlogComposite schemeX X X X Extracts X X X X X X X X Extracts X X X X ..... Is there a composite scheme for service sector, we are into ship repairs and compete with ship repairers from Singapore, due to high 18% tax we fail to get repair jobs to INDIA from the South East. - Reply By KASTURI SETHI - The Reply = Only restaurant service is under composition scheme. However, Govt. is planning to bring more services under Composition Scheme.Notification can be issued at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any time as it was decided by the GST Council in the last meeting. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of Shri Sethi. - Reply By Anujit Bhowmik - The Reply = Thank you for the details, I think the composite scheme allows service providers within the bracket of 20 lakhs for NIL tax, however looking at the rapid devaluation of rupee, the government should encoura ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ge service sectors also and not only traders into doing more business, The bar may be raised to atleast 50 Lakhs with some 2% payable on turnover.Just like for traders. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Your views are correct. You may represent to the GST Council through its mail id. - Reply By Ganeshan Kalyani - The Reply = The government is simplifying the law. We will have to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wait for the Notification. - Reply By subramanian vijayakumar - The Reply = No composition scheme is not eligible for service sector - Composite scheme - Query Started By: - Anujit Bhowmik Dated:- 28-10-2017 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
