Composition scheme

t/o of goods in pfy=78lakh
& rental income from commercial building=16.2 lakh

Is the person eligible for the compo.scheme?
Replies (3)
Quick Summary
This discussion clarifies the eligibility for the composite scheme, particularly for businesses dealing with both goods and services. It highlights that an individual cannot avail the composite scheme for both goods and services simultaneously. Furthermore, rental income from a commercial building is explicitly stated as not falling under the composite scheme, even if it's a limited value service.

One person cannt have goods and services both under composite. so no Cot in this case
What about limited value service?
The above said rental income can't be under Composition Scheme...

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