Gst query
This query is : Resolved
Kollipara Sundaraiah
(Querist)
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.
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
(Expert)
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
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