Composition scheme applicable or not

SSG (1936 Points)

12 August 2017  

A person is into business of retail trading of cloth. For 2016-17, sales are Rs. 18 lacs. He has earned rental income of Rs. 1.50 lacs and Rs. 60 thousands as interest in 2016-17. Whether he is required to take registration? If yes or if he wants to take voluntary registration, then can he opt for composition scheme? Please advise?