Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ananthapadmanaban (CA Practice )     13 January 2019

Commercial rent service

In GST 32 council proposed to compound tax at 6% on service up to limit of Rs50 lakhs. presently paying GST 18% (9+9) on RENTAL service income of Rs 35 lakhs per annum. Can I change to compound system as service income is below 50 lakhs; and if so what is the procedure to change over. please guide.



 2 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     13 January 2019

Let final notification be issued.

As such the amendment will be applicable from 01.04.2019.

2 Like
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     13 January 2019

No...

You can't opt Composition Scheme. It's not applicable for pure service oriented activities as per Your Rental Services...
1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags