GST on gym

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Accountant
647 Points Posted on 13 May 2021
Sir I have a gym, holding of 25 client and received a sum of Rs 700/- per client.sir I want to know that I am eligible for get registration under the GST Act ,on account of service provider as a gym operator.sir I also want to know that how many percentage of GST applicable on this service and which is goods for taking the ITC.Sir I also want to know that can I take the composition scheme for the above said thanking you.
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On 13 May 2021 at 19:03 Report
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Quick Summary
This discussion addresses whether a gym owner with 25 clients paying £700 per client is eligible for GST registration. The consensus suggests that GST registration may not be required if the service value falls below the threshold. It also touches upon applicable GST percentages, input tax credit (ITC) eligibility, and the possibility of opting for the composition scheme.

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GST Consultant
15986 Points Posted on 13 May 2021
Gst registration not required
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On 13 May 2021 at 19:17
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Chartered Accountant
24588 Points Posted on 13 May 2021
GST registration not required
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On 13 May 2021 at 20:50
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1388 Points Posted on 13 May 2021
Agree
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On 13 May 2021 at 21:11
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38 Points Posted on 14 May 2021
Gst Registration not required as the value of your service is less than 10/20 lakhs
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On 14 May 2021 at 08:24
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Chartered Accountant
24588 Points Posted on 16 May 2021
Agree
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On 16 May 2021 at 06:13

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