One of person sales of iron goods and sale of service of repairs of iron goods like welding etc
Person composite scheme 1%tax rate eligible or not.
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Composite dealer
Replies (3)
Quick Summary
A taxpayer whose turnover is below Rs 1.5 crore can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75 lakh.
As per the CGST (Amendment) Act, 2018, a composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher. This amendment will be applicable from the 1st of Feb, 2019
Yes Sir it is possible, provided the Supply of Services ( Repair Services of Iron / Welding ) is within the limit prescribed ( i.e. 10% of your Aggregate Turnover or Rs. 5 lakhs, whichever is "HIGHER." ).
Earlier in GST, for Composition Scheme person should not be providing any service
but now with service Composition Scheme is still available but
As per the CGST (Amendment) Act, 2018, a manufacturer or trader can now also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher. This amendment will be applicable from the 1st of Feb, 2019.
but now with service Composition Scheme is still available but
As per the CGST (Amendment) Act, 2018, a manufacturer or trader can now also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher. This amendment will be applicable from the 1st of Feb, 2019.
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