Opting for composition scheme
This query is : Resolved
13 August 2017
IF A PERSON HAVING TURNOVER OF LESS THAN 75 LAKHS AND GETTING RENTALS FROM RESIDENTIAL PROPERTY CAN OPT FOR COMPOSITION SCHEME?
13 August 2017
Composition is not possible for such supply of service.
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Studentsca
(Expert)
13 August 2017
GST is not applicable on rent received from residential property.
Hence it is not a supply of service so no question of disqualification on that account.
Since your turnover is less than Rs. 75 Lakhs you can opt for composition scheme presuming you fulfill other mentioned conditions also.
Hence it is not a supply of service so no question of disqualification on that account.
Since your turnover is less than Rs. 75 Lakhs you can opt for composition scheme presuming you fulfill other mentioned conditions also.
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