Composition levy
This query is : Open
30 July 2017
I am running a medical shop business... Turn over below Rs.75 lakhs. but i provide mobile recharge service also. Recharge of mobile phones under service category and exempt from tax under old service tax and now gst also i think. I have single rc or two separate rc for medical shop business and mobile recharge business. my question is shall i opt composition scheme in gst for medical shop business in both the following situations :
Situation 1 : Only one rc for medical shop and mobile recharge business
Situation 2 : separate rc for each business
Kindly clarify it
Situation 1 : Only one rc for medical shop and mobile recharge business
Situation 2 : separate rc for each business
Kindly clarify it
CA Altamush Zafar
(Expert)
30 July 2017
Even if you have separate registration but common PAN you still cannot opt for composition levy.
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