Composition scheme under gst for retailer

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student
37 Points Joined January 2014

Hi,

Please Provide your kind reply to the below mentioned my querries :

 1) Mobile Shop retailer who is dealing with mobile,Selling mobile phones to ultimate consumer and also provide repair service/telecommunication service.......etc (who is deals in Goods and Service.) can register under Composition Scheme under GST.By paying 1% on turnover.(If T.O is below 1 Crores as per latest limit declared by Govt) ?

2) If registered under Composition Scheme for above mentioned type of dealer it will be approved by GST Act or not. ? GST Act will allow a Retailer who is a Service Provider as well as Selling Goods.(Mobile Accessories).?(because Service Providers are not allowed to take this Scheme except restaurant Service)

   I'm waiting for reply please provide your suggestion as soon as possible.

   Thank You

 

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On 12 October 2017 at 20:47 Report
Replies (12)
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
1. Can't opt composition scheme...
2. NA as per 1st question...
1 Reply
On 12 October 2017 at 21:12
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53 Points Joined June 2017
composition is aplicable oly for goods not services... so a person dealing with both ... can oly migrate to regular gst
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On 12 October 2017 at 22:03
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53 Points Joined June 2017
oly hotel r allowed to adopt composition
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On 12 October 2017 at 22:04
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student
37 Points Joined January 2014

Thank you very much Raja Sir and Sankar Sir for your reply and providing information

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On 12 October 2017 at 22:30
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209 Points Joined August 2017
There is a possibility to segregate the business into pure Trade and pure service. In such case service to be done by another entity or person below 20 lakhs and exempt. Trading opt for composition
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On 13 October 2017 at 07:44
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128147 Points Joined January 2015
You are welcome Mr Prasanth M...
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On 13 October 2017 at 07:57
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student
37 Points Joined January 2014

Sir If any dealer who is already registered under Regular GST Scheme by new GST Registration but after fulfilling all the norms of Composition Scheme and if he wish to convert from Regular to Composition Scheme under GST ,Then

1)Can he Convert into Comosition Scheme any time during the Financial year (2017-18) or any dealine is prescribed by the govt to convert.

2)How will be the conversion process - easy and quick or it will take time to process it by dept.

please provide your suggestions

 

Thank You,

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On 13 October 2017 at 09:36
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128147 Points Joined January 2015
Dear Prashanth.,
This is new query or following above first...?
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On 13 October 2017 at 09:40
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student
37 Points Joined January 2014

Sir this is new query

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On 13 October 2017 at 09:43
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128147 Points Joined January 2015
1. After 22nd GST council meeting the time ll extended to 31st March 2018....

2. May be processing is taken some more time. Bcoz, System's construction is not good...So, only otherwise it's take Upto One week....
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On 13 October 2017 at 10:03
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student
37 Points Joined January 2014

Thank you Sir for sharing information.

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On 13 October 2017 at 10:21
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128147 Points Joined January 2015
You are welcome....
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On 13 October 2017 at 11:15


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