A registered composite scheme dealer outward supply details mentioned below
1.sales of medicines for business rs:80 lacs yearly tax 1 precentage pay
2.sec 194j fees and technical services income rs:30 lacs .
3.rents from shops rs:3,60,000/-
4.agrilculture income rs:2 lacs.
5.interest income from partnership firm rs:3 lacs
question:
dealer opt composition scheme eligible or not
2.sec 194 j fees income and interest income taxable or exempted.
3.agrilculture income exempted turnover show in compulsory in returns.
1. No cannot carry business under Composition scheme: Reference 2nd proviso under Section 10(1) of CGST Act.
2. Yes taxable Except interest income.
3. Agriculture income exempted.
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