We are into trading of Bandsaw blades. Bought from Noida, & sold in Gujarat, having a very low turn over (less than 10 lakh) Pls suggest if form CMP 01 is applicable to our business.

Asked on January 11, 2019 in Miscellaneous.
Add Comment
1 Answer(s)

Form CMP-01 is for opting Composition scheme. Composition scheme can be opted only if the turnover is below 75 lakhs and the supplier is making only intra-state supply. In case of inter-state supply and supply through e-commerce operator composition scheme is not available. If you are registered in Gujarat and supplying only in Gujarat, then you can opt for composition scheme.

Answered on January 11, 2019.
Add Comment

Your Answer