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Mr Varun , a trader of electronic goods in Gujarat supplies goods to ultimate consumer at the Intra state level only. The turnover in state was Rs 125 lakhs in Preceeding Financial year whereas turnover of taxable supply of goods was Rs 105 lakhs. State the limit upto which Mr Varun an provide services under composition scheme.( Hint: Limit is upto 10% of turnover in state or Rs 5lakhs whichever is higher)
Can a registered person opt for composition scheme only for one out of his 3 business verticals having same PAN?