Composition schme under gst

This query is : Resolved

CA Gaurav Ajit Potdar (Querist)
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23 June 2017 Hello all,

Facts:
One of our client is into business of trading of Bike accessories, Bike servicing & Bike customization business. He is currently not registered under MVAT Act. His Expected turnover would be around 10 to 20 lacs in the current year.

Query:
Can we get him registered under GST by opting Composition Schme. Wether Servicing & customization of bikes an eligibe business for Composition Schme.

Devansh Jain

Devansh Jain (Expert)
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23 June 2017 Composition is applicable for only goods and not services

CA Gaurav Ajit Potdar

CA Gaurav Ajit Potdar (Querist)
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24 June 2017 But if suppose out of total turnover of 10 lacs only 1 lac related to servicing of Bikes, then also i need to take normal registration? or can i opt for composition

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Devansh Jain

Devansh Jain (Expert)
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24 June 2017 Composition Scheme is PAN based. So you cannot have scheme just for one type of business/Transaction under Composition scheme only..
Only way out for you is to get normal registration for whole business..or seperate service n goods business under different Pans and then opt composition on goods...

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