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When is it mandatory for a taxpayer to display the words "composition taxable person, not eligible to collect tax on supplies" on their invoices?
  • a)
    When they opt for the composition scheme
  • b)
    When their aggregate turnover exceeds ?1 crore
  • c)
    When they deal with unregistered suppliers
  • d)
    When they are engaged in restaurant services
Correct answer is option 'A'. Can you explain this answer?
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When is it mandatory for a taxpayer to display the words "composi...
It is mandatory for a taxpayer to display the words "composition taxable person, not eligible to collect tax on supplies" on their invoices when they opt for the composition scheme, as per the rules. This helps in identifying composition taxpayers who are not allowed to collect tax on supplies.
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When is it mandatory for a taxpayer to display the words "composition taxable person, not eligible to collect tax on supplies" on their invoices?a)When they opt for the composition schemeb)When their aggregate turnover exceeds ?1 crorec)When they deal with unregistered suppliersd)When they are engaged in restaurant servicesCorrect answer is option 'A'. Can you explain this answer?
Question Description
When is it mandatory for a taxpayer to display the words "composition taxable person, not eligible to collect tax on supplies" on their invoices?a)When they opt for the composition schemeb)When their aggregate turnover exceeds ?1 crorec)When they deal with unregistered suppliersd)When they are engaged in restaurant servicesCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When is it mandatory for a taxpayer to display the words "composition taxable person, not eligible to collect tax on supplies" on their invoices?a)When they opt for the composition schemeb)When their aggregate turnover exceeds ?1 crorec)When they deal with unregistered suppliersd)When they are engaged in restaurant servicesCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When is it mandatory for a taxpayer to display the words "composition taxable person, not eligible to collect tax on supplies" on their invoices?a)When they opt for the composition schemeb)When their aggregate turnover exceeds ?1 crorec)When they deal with unregistered suppliersd)When they are engaged in restaurant servicesCorrect answer is option 'A'. Can you explain this answer?.
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