Composition Scheme under Service Tax
This query is : Resolved
13 March 2020
Dear sir,
One of our client is a Doctor and is running a nursing home. and its gross receipt from it is Rs 35 Lacs. Now he is renting a shop in its premises rent from which will be approx 120000.00. He want to go for compositon scheme. I want to know whether we have to pay 6% tax on Rs 120000.00 taxable portion or the whole amount Rs 36.20 Lacs. Kindly give reply with reason
One of our client is a Doctor and is running a nursing home. and its gross receipt from it is Rs 35 Lacs. Now he is renting a shop in its premises rent from which will be approx 120000.00. He want to go for compositon scheme. I want to know whether we have to pay 6% tax on Rs 120000.00 taxable portion or the whole amount Rs 36.20 Lacs. Kindly give reply with reason
14 March 2020
He needs to pay 6 % on all his supply ie 36.20 Lakhs .
The supplier opting for this scheme shall pay GST at the rate of 6% on all supplies made by him, irrespective of the fact whether such supply is exempt from tax or has different tax rates.
The supplier opting for this scheme shall pay GST at the rate of 6% on all supplies made by him, irrespective of the fact whether such supply is exempt from tax or has different tax rates.
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