Composite scheme

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..... Composite scheme
Query (Issue) Started By: - Anujit Bhowmik Dated:- 28-10-2017 Last Reply Date:- 7-11-2017 Goods and Services Tax - GST
Got 6 Replies
GST
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: .....

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..... Only restaurant service is under composition scheme. However, Govt. is planning to bring more services under Composition Scheme.Notification can be issued at 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 schem .....

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..... e allows service providers within the bracket of 20 lakhs for NIL tax, however looking at the rapid devaluation of rupee, the government should encourage 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 re .....

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..... present to the GST Council through its mail id. Reply By Ganeshan Kalyani: The Reply: The government is simplifying the law. We will have to wait for the Notification. Reply By subramanian vijayakumar: The Reply: No composition scheme is not eligible for service sector
Discussion Forum - Knowledge Sharing .....

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