I am running banquate on rent for marriage and other purposes. Can I opt for composition scheme ??
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Quick Summary
This discussion explores the eligibility of banquet services for the GST composition scheme. It clarifies that renting immovable property is considered a service under the CGST Act, 2017. Typically, suppliers of services alone are not eligible for the composition levy, regardless of turnover. The question of turnover thresholds (Rs. 1 crore / Rs. 1.5 crore) is raised as a separate consideration.
Renting of Immovable property is not goods and is a supply of service as per CGST ACT,2017 and a person who only is a supplier of service is not eligible to opt for composition levy