Composition scheme and rent income
This query is : Open
13 October 2017
Dear experts, what would be the implications when a trader/manufacturer registered under the Composition scheme of GST gives his property on rent and earns rent income? Please reply soon. Thanks.
13 October 2017
No way for Composition scheme for above said way.... Applicable regular scheme
13 October 2017
Thanks. Would he loose the status of Composition scheme?
13 October 2017
Yes...
You are correct. But, He can change it to regular scheme...
13 October 2017
Thank you very much!
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