My client has two business in the same state ( Same PAN). One is Service segment and other is Trading. Total Turnover put together is below 1.5 Cr per year. Now he is registered as Regular Tax Payer. Is it possible to get registered under composition for trading sector and "Regular rate of Tax " for Service Sector ?
02 April 2018
Not possible to do so. Only solution is to take separate registration for both business. & then take one under composition & other in normal scheme.