Gst query

This query is : Resolved

Kollipara Sundaraiah (Querist)
Follow

12 March 2020 A person gst composite scheme registered trading of medicines.
1. Sales turnover April to December,2019
Rs.21,00,000/- tax Rs. 21,000/- paid.
2. Same person income from rent for shop
April to December,2019 Rs.36,000/- received.
Question:
Income from rents gst applicable and which rate of tax applicable.

Shrikant Toshniwal

Shrikant Toshniwal (Expert)
Follow

13 March 2020 Dear Frd ,as ur a compostion dealer rent services not cover in it but However wef from 1st april 2019, you can opt to pay tax at 6% as your aggregate turnover is less than 50 lakhs vide notification 2/2019 central tax rate dt 7-3-2019