banner_ad

Composite scheme

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 August 2017 DEAR EXPERTS

A PARTNERSHIP FIRM IS RUNNING A CINEMA THEATRE AND IS REGISTERED UNDER GST. ONE OF ITS PARTNER HAS TAKEN THE CANTEEN ON RENT AND WANTS TO REGISTER UNDER GST UNDER COMPOSITE SCHEME FOR HIS CANTEEN INCOME

IS THIS ALLOWABLE OR THE CANTEEN INCOME HAS TO BE CLUBBED WITH FIRM'S INCOME ONLY
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
07 August 2017 canteen is run by one of the partners. So, s/he can opt for registration under GST, composition scheme
Profile Image

Studentsca

Profile Image

Studentsca (Expert)
07 August 2017 Canteen can be run by the partner in his personal capacity.

It will be considered his business income.

Income from canteen will not be clubbed with firm's income.

The GST Composition rate for the Canteen would be 5% of the aggregate turnover.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details