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Composition scheme under gst

127 views 1 replies

P GUNAPALAN

PROPREITOR

66 Points Joined November 2011

Sir

I am a properiter of an a/c restaurant with an annual turnover of 60 lakhs and I also function as a Mutual fund agent having a turnover of one lakh ( part of it from interstate service). Can I opt for composition scheme as per the latest norms of GST.

Replies (1)

Madhur Surve

4 Points Joined June 2017

Composition scheme cannot be availed by supplier of a service other than by a restaurant. In your case , you are providing services other than that of restaurant and hence shall not be eligible for Composition scheme.