I have a small retail business under 60 Lacs, Can i have GST composition scheme ?

I have rental income of 5 lac from commercial property, and also i have a small retail business under 60 Lacs, can i have GST composition scheme?

Asked on August 30, 2017 in Automobile.
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4 Answer(s)

Yes, you have to take registration.

Answered on August 30, 2017.
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No , not applicable for composition scheme.

Answered on August 30, 2017.
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You cannot opt for composition scheme

Answered on August 31, 2017.
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As per schedule II any letting out of building would be considered as a supply of service. Further Composition scheme is not available to supply of service and the said scheme is qua-taxable person, not qualify class. Therefore in your case Composition scheme will not be applicable.

Answered on August 31, 2017.
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Your Answer

Gen GST