Facts: One of our client is into business of trading of Bike accessories, Bike servicing & Bike customization business. He is currently not registered under MVAT Act. His Expected turnover would be around 10 to 20 lacs in the current year.
Query: Can we get him registered under GST by opting Composition Schme. Wether Servicing & customization of bikes an eligibe business for Composition Schme.
24 June 2017
But if suppose out of total turnover of 10 lacs only 1 lac related to servicing of Bikes, then also i need to take normal registration? or can i opt for composition
24 June 2017
Composition Scheme is PAN based. So you cannot have scheme just for one type of business/Transaction under Composition scheme only.. Only way out for you is to get normal registration for whole business..or seperate service n goods business under different Pans and then opt composition on goods...
CAclubindia
