Composition Scheme for Services Suppliers Optional scheme Section 10/2A) has provided an option to a registered person whose aggregate turnover in the preceding financial year up to 50 lakh and who is…
Day: November 24, 2022
Dis-advantages under Composition Scheme [Latest]
Dis advantages on Composition Scheme The following dis- advantages for under the composition scheme It is applicable for registered persons having same Permanent Account Number have to opt for composition Scheme. If…
Persons not eligible to opt for composition scheme [Section 10(2)]
Persons not eligible to opt for composition scheme [Section 10(2)] The following person are not eligible to opt for composition scheme Supplier of goods or services which are not taxable under the…
Composition Scheme-Eligibility of Turnover & Tax Rates [Sec 10(1)]
Optional Scheme Tax payment under this scheme is an option available to the taxable person. This scheme is is available only to certain eligible taxable persons. Eligible Turn Over A registered person,…
100+ Audit Past Exam Questions with Answers For CA Inter
Question 1 An auditor of Sagar Ltd. was not able to get the confirmation about the existence and value of certain machineries. However, the management gave him a certificate to prove the…
CA Inter Audit Repeated Exam Questions & Answers
Question 1 An auditor of Sagar Ltd. was not able to get the confirmation about the existence and value of certain machineries. However, the management gave him a certificate to prove the…
