The registered person opting for composition scheme, under section 10(1) and 10(2) of the CGST Act, 2017, can also supply services (other than…
CA Intermediate · Taxation · MTP · May 2026
The registered person opting for composition scheme, under section 10(1) and 10(2) of the CGST Act, 2017, can also supply services (other than restaurant services) for a value up to 10% of the turnover in the preceding year or 5 lakh, whichever is higher, in the current financial year.
Suggested Answer and Working Notes:
Thus, M/s Goel Electronics can supply repair and maintenance services up to a value of 12lakh [10% of 120lakh or 5lakh, whichever is higher] in the current financial year.
Topics: Paper 3A: Income Tax Laws, Paper 3B: Goods and Services Tax
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