COMPOSITION SCHEME - GST RATE
This query is : Resolved
03 January 2025
I AM A TRADER AND OPTED COMPOSITION SCHEME UNDER GST AND PAY TAX @1% ON SALES. I RECEIVED COMMERCIAL RENT ON WHICH I HAVE TO PAY GST. NOW MY QUESTION IS WHAT IS THE RATE FOR RENT RECEIVED ?? IS 6% OR 1%
03 January 2025
If you are a trader and registered under normal composition scheme tax rate is 1%.
06 January 2025
For trading it is 1% ok. my doubt is about Rate on Rental income ??
Rental income is not come under trading activity. So what is the rate for rental income under composition scheme
Rental income is not come under trading activity. So what is the rate for rental income under composition scheme
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