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TMI BlogComposition levyX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sir, Dealer registered as composition taxable person carrying trading activity and remitting 1% GST. Now he got a Civil contract from Local greater Hyderabad Municipal corporation at about Rs.50 lakhs can he pay 6% on these turnover. both clubbed turnover may not exceed Rs1-00 crore. Is there any restriction for doing service on the same composition. please clarify sir, thanks in advance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . - Reply By Amit Agrawal - The Reply = In my personal view, one can not opt for composition scheme/s u/s 10 (1) 10 (2A) simultaneously. And following proviso u/s 10 (1) needs to be noted: Provided further that a person who opts to pay tax under clause (a) or clause (b) or clause (c) may supply services (other than those referred to in clause (b) of paragraph 6 of Schedule II ), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of value not exceeding ten per cent. of turnover in a State or Union territory in the preceding financial year or five lakh rupees, whichever is higher . These are ex facie views of mine and the same should not be construed as professional advice / suggestion. - Reply By KASTURI SETHI - The Reply = Not allowed at all. I agree with Sh.Amit Agrawal Sir. - Reply By Bharat Cholleti - The Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply = sir, Okay sir, Can the same person is eligible to apply another composition registration for the purpose and can do business? - Reply By Amit Agrawal - The Reply = Proviso under Section 10 (2) reads as under: Provided that where more than one registered persons are having the same Permanent Account Number (issued under the Income-tax Act, 1961) (43 of 1961) , the registered pers ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on shall not be eligible to opt for the scheme under sub-section (1) unless all such registered persons opt to pay tax under that sub-section. Proviso u/s 10 (2A) reads as follows: Provided that where more than one registered person are having the same Permanent Account Number issued under the Income-tax Act, 1961 (43 of 1961.) , the registered person shall not be eligible to opt for th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e scheme under this sub-section unless all such registered persons opt to pay tax under this sub-section. So, answer to your question in post as serial number 3 is NO, same is not possible. These are ex facie views of mine and the same should not be construed as professional advice / suggestion. - Reply By Bharat Cholleti - The Reply = Thank you sir, When vertical businesses is allowe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d why not this sir? vertical is also on the same PAN. - Reply By Amit Agrawal - The Reply = Tax-payer can have two separate registrations for two different premises. But, he cannot opt for composition scheme/s u/s 10 (1) 10 (2A) simultaneously - one way or other. In other words, getting second registration does NOT allow tax-payer to opt for two composition scheme/s (i.e. u/s 10 (1) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10 (2A) ) in two different registrations. Reasons for this is explained in earlier posts. These are ex facie views of mine and the same should not be construed as professional advice / suggestion. - Composition levy - Query Started By: - Bharat Cholleti Dated:- 28-7-2022 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an exper ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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