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Composition

Ranjith (student) (76 Points)

28 November 2020

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

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JATINDER KUMAR (Accountant) (3662 Points)
Replied 28 November 2020

Yes, if your Turnover below 50 Lacs

Ranjith (student) (76 Points)
Replied 28 November 2020

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 (Practice) (3230 Points)
Replied 28 November 2020

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

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JATINDER KUMAR (Accountant) (3662 Points)
Replied 28 November 2020

Yes, Rate is 6%

Shivam RC (Student) (23683 Points)
Replied 29 November 2020

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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