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Composition scheme

CA OM PRAKASH GUPTA (CA Practice ) (76 Points)

26 August 2018

If a composition dealer received rent from godown, is he has to
opt out from composition scheme if not than rate of GST on rate ?

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5 Replies

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 27 August 2018

yes he has to opt out

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 27 August 2018

Better to Opt Out from composition scheme if The dealer get any service (rent) income...

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Mayank Mandora (CA in Practice) (522 Points)
Replied 27 August 2018

Yes, a composition dealer has to opt out of composition scheme if he has income from services also.

In the last GST council meeting it was also held that a composition dealer can provide services upto Rs 5,00,000, but notification regarding this has yet to be issued.