Composition dealer + GST
This query is : Resolved
15 September 2020
I am a composite dealer and registered for GST for my business.
Further I am receiving a rental income..
Do I need to charge GST nd at what rate
Further if I move to normal taxpayer then what would be the consequences.
Further I am receiving a rental income..
Do I need to charge GST nd at what rate
Further if I move to normal taxpayer then what would be the consequences.
15 September 2020
Yes,you have to pay composition rate on rental income too.If you convert to regular tax payer then you can avail ITC and charge full GST rate on your business and rental income.
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