How the 11th 12th coaching institutes are required to pay gst ? and in which scheme normal or composition? coaching classes are newly started..
plz help🙏
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Quick Summary
This discussion addresses the Goods and Services Tax (GST) requirements for new 11th and 12th-grade coaching centres. It clarifies whether these institutes should register for GST and pay it under the normal scheme or the composition scheme. Advice suggests obtaining GST registration and issuing B2C invoices, with a query about opting for the composition scheme initially. It's noted that the composition scheme for services differs slightly, and consulting a local CA or advocate is recommended for specific guidance.