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M Question 4: M/s. Ginny and John Company is a partnership firm of interior decorators and also running a readymade garment showroom. Turnover of the
M Question 4: M/s. Ginny and John Company is a partnership firm of interior decorators and also running a readymade garment showroom. Turnover of the showroom was 80 lakh and receipts of the interior decorators service was 22 Lakh in the preceding financial year. (i) With reference to the provisions of the CGST Act, 2017, examine whether the firm can opt for the composition scheme? (ii) Will your answer change, if the turnover of the showroom was 70 lakh and receipts of the interior decorators service was 22 Lakh in the preceding financial year? Also discuss whether it is possible for M/s. Ginny and John Company to opt for composition scheme only for showroom
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