27 March 2023
sir, A Registered composition dealer income detailes mentioned below. 1.Sale of medicines for pharmacy busieness rs:80 lacs turnover yearly. 2.sec 194j Fees and tecknicial servicies income rs:30 lacs yealry (health services) 3.Rental income from shops rs:3 lacs 4.Interest income from partnership firm rs:3 lacs 5.Agrilculture income rs:2 lacs Doubts: 1.Dealer opt composition scheme eligible or not 2.sec 194 j income taxable or exempted 3.rental income and interest income taxable or exempted 4.Agrilculture income taxable or exempted.
27 March 2023
1. Not eligible, as supply of both goods & services together above specific limits.. 2. If health services, exempted under GST. 3. If Rental income from non-residential property, its taxable. 4. Exempted.
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