Gst Tax Compounding For Software Services


Sunil Joseph K J Joseph
watch_later 1 year, 6 months ago

can we apply compounding method for  gst tax for software services turnover below 75 lakhs ??

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    It is composition and not compounding. - Pulkit Sharma
1 Answer

Pulkit Sharma watch_later 1 year, 6 months ago
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No composition scheme is not applicable to service provider except restaurants.

You cannot pay tax under composition scheme if you are a supplier of services. Only supplier of goods can opt for composition scheme.

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