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.
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Commercial rent service
Replies (2)
Let final notification be issued.
As such the amendment will be applicable from 01.04.2019.
No...
You can't opt Composition Scheme. It's not applicable for pure service oriented activities as per Your Rental Services...
You can't opt Composition Scheme. It's not applicable for pure service oriented activities as per Your Rental Services...
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