Can a manufacturer of goods avail composition scheme? What are the penal consequences if a person opts for the composition scheme in violation of the conditions?

Yes, a manufacturer of goods can avail composition scheme provided he is not a manufacturer of goods notified by Govt. If a person opts for the composition scheme in violation of the conditions he shall be liable for a penalty equivalent to the amount of tax payable…. To get access, please buy CA Interview Question...

To get access, please buy CA Interview Question Bank

The Corporate Institute bridges the gap betweenĀ degreeĀ andĀ corporate success. Ā Our objective is to make our participants ready for their Corporate journeys, hence the nameĀ ā€œThe Corporate Instituteā€.

Twitter Facebook-f Dribbble Youtube Pinterest Medium

The Corporate Institute

Top Selling Courses

  • CA Placement Preparation Programme
  • CA Interview Question Bank
  • Exam Planners - CA, CMA, CS

Quick Links

Scroll to Top