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I have a mobile service shop,

PRABHAKAR LAL (164 Points)

12 January 2024

I have a mobile service shop, can I keep it in composition by taking GST, will I have to pay tax in composition?

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9 Replies

CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13706 Points)
Replied 12 January 2024

You can take composition scheme but since you are a service provider being a mobile service shop, you need to opt for separate composition scheme for service providers which is taxable at 6% subject to maximum turnover of Rs. 50 lacs in a year.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 12 January 2024

Yes I agreed with Mr CS Advocate Abhishek Goyal...

Sharath chandra (Accountant) (1227 Points)
Replied 13 January 2024

Why are you planning to take gst? turnover issue or for loan?

sabyasachi mukherjee (27574 Points)
Replied 13 January 2024

Start ur business , some change is required.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 13 January 2024

Wt s some chngs

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PRABHAKAR LAL (164 Points)
Replied 14 January 2024

Sir, yes my turnover is 65 lakhs, of which mobile service is 17 lakhs and goods sale is 48 lakhs. I am taking both the money in the same account.

Sharath chandra (Accountant) (1227 Points)
Replied 15 January 2024

1. already you are late to apply for gst.

2. you can apply for normal scheme only.

3. do it ASAP and start filing gst returns.

4. can lead to huge penalties in future if you don't take registration.

Muhammad Mohsin Shahid (2 Points)
Replied 16 January 2024

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