I have two shops at a different place. I Can eligible for composition scheme?

I have two shops at different place One I carry my toys and gift retail business having 60 lac turn over yearly another shop I gave on rental basis Annual rent 3 lac Can I eligible for composition scheme

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4 Answer(s)

If you run the shop as a branch then you can avail composition scheme but if you registered shop as a separate entity then you can avail the benefit.

Answered on July 23, 2017.
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Trading of goods is eligible for composition scheme but renting of immovable property is not eligible for composition scheme.

Answered on July 24, 2017.
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GST not applicable on rented property, you are eligible for composition scheme.

Answered on July 24, 2017.
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Composition Scheme can be applied only by those entities whose annual turnover in the preceding Financial Year was Rs.75 lakhs.

Answered on July 24, 2017.
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Your Answer

Gen GST