Menu
Composition in service supply
A person is a doctor having exempt supply under GST. His turnover is 30 lakh per year. He also gets commercial rent from a building which is one lakh per annum. Therefore he has taken a GST number and files monthly returns for commercial rent. Will he qualify for the latest composition scheme in service. His turnover is less than 50 lakh. Is there a clause that one with any exempt supply in total turnover, is not eligible for this composition scheme for service.
Replies (1)
Yes ... correct As per Notification 2/2019 CT under Conditions the point no.(iii) who is not engaged in making any supply
which is not leviable to tax under the said Act
Hence You cannot opt for said scheme
which is not leviable to tax under the said Act
Hence You cannot opt for said scheme
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
