Welcome to your Ch 16: Composition Levy (1 to 5)
1. Composition levy is under which section?
2. Which of the following persons can opt for composition levy assuming other conditions are satisfied?
3.Which of the following persons cannot opt for composition levy assuming his manufacturing business is located only in the State of Gujarat.
4. Which of the following persons cannot opt for composition levy assuming he is Chartered Accountant in Practice in the State of Jharkhand.
5. Examine the following statements-
i. A trader business is located in Uttrakhand. To be eligible in composition scheme his aggregate turnover in the preceding financial year should not exceed ₹ 75 Lakhs.
ii. A manufacturer business is located in Jammu and Kashmir. To be eligible in composition scheme his aggregate turnover in the preceding financial year should not exceed ₹ 1.5 Cr.