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Composition


Ranjith (student)     28 November 2020

Ranjith
student 
 10 points

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can a CSC(common service provider) service provider register under GST Composition scheme?

JATINDER KUMAR

JATINDER KUMAR (Accountant)     28 November 2020

JATINDER KUMAR
Accountant 
 262 likes  3642 points

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Yes, if your Turnover below 50 Lacs

Ranjith

Ranjith (student)     28 November 2020

Ranjith
student 
 10 points

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Thank you sir
what is rate should I pay?
1% (0.5%cgst 0.5%sgst) or 6%(3%cgst 3%sgst)

CA ABHAY GUPTA

CA ABHAY GUPTA (Practice)     28 November 2020

CA ABHAY GUPTA
Practice 
 241 likes  2684 points

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Rate for service provider is 6% (3% CGST 3% SGST)

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JATINDER KUMAR

JATINDER KUMAR (Accountant)     28 November 2020

JATINDER KUMAR
Accountant 
 262 likes  3642 points

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Yes, Rate is 6%

Shivam RC

Shivam RC (Student)     29 November 2020

Shivam RC
Student 
 2954 likes  23387 points

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As per Notification No. 2/2019 - Central Tax ( Rate ), dated 07th March 2019, Service Providers having Aggregate Turnover upto Rs. 50 lakhs, will be eligible to opt for Composition Scheme w.e.f 01/04/2019.

The Rate of GST which they are required to pay out of their own pocket is 6% ( 3% CGST + 3% SGST ).

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