GST composition Scheme Plus regular service & turnover cal
This query is : Resolved
06 January 2021
Dear Expert,
My client is proprietor and two difference business. one is retailer business(trading) and other one is contractor/developer. he wishes to pay GST under composition scheme for trading business and regular GST rate for real estate business. Can the same we can do???. IF yes whether we need to apply for 2 GST number (one composition and other regular GST number).
Also for calculating Rs 1.50 crore turnover for composition scheme whether both business turnover will be included or only composition(trading business) turnover will be consider.
My client is proprietor and two difference business. one is retailer business(trading) and other one is contractor/developer. he wishes to pay GST under composition scheme for trading business and regular GST rate for real estate business. Can the same we can do???. IF yes whether we need to apply for 2 GST number (one composition and other regular GST number).
Also for calculating Rs 1.50 crore turnover for composition scheme whether both business turnover will be included or only composition(trading business) turnover will be consider.
Lekhraj sood
(Expert)
07 January 2021
He can not do so.Either he is to be in composition for all businesses under PAN or no composition.The limit is applicable for both businesses put together.
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