Anon
watch_later 16/11/19
Sir,
A person registered in composite scheme(1% tax rate) in gst act trading of cloth business.
Trade sale turnover April to June and July to September,2019 Rs.23 lacs composite tax 1% Rs.23000/- paid
If a person services income from commercial rents April to September,2019 Rs.60000/-
Question:
Service income from rents upto September,2019 Rs.60000/- sale turnover on 10% or 5 lacs which high-value as per provision composite tax 1%rate paid (Rs.600) correct or wrong.
Composition is applicable only on goods with exception of few services. You need to charge GST at 18% on rent. Change your tax type or take fresh registration of rent income.
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