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composition scheme
assessee is engaged in business of trading of goods. He also receives rental income from residential property which is exempt income under GST. The query in this situation is whether the assessee is eligible for composition scheme as aggregate turnover shall include exempt income of renting of property?
Replies (7)
he is eligible for composition of his turnover is below 75 lakhs
here turnover means all income
As per provision he can't because he is providing services.
He can choose composition for his trading activity
A regrd person receiving rental income then he can't opt compostion scheme........am i right?
if it's received for residential he is exempted he may opt for composition
No he can't.... You have to choose for all your business composition....
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