My clients is registered Regular GST TIN holder Proprietorship having business of 1] Mfg of Cakes & Pastries and reseller Shop which have turnover in 2017-18 Rs.19,00,000/- and 2] Own Commercial Property Rent Income yearly in 2017-18 Receipt of Rs.12,00,000/- . He now want to opt for Composition Scheme. Is it possible this for Propertship having two separate business income and Rent Income . OR whether I have to take separate GST TIN no. for Composition and for RENT receipt with Regular GST No. Question arise how and can I cancel or opt for composition for business income. Favourable reply awaited.
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Gst regular to composition having two business
Replies (2)
person on single pan basis can not opt for both normal scheme and composition scheme... on your case client need to go for normal scheme..
in case you want both then you have to choose two different pan
in case you want both then you have to choose two different pan
Not possible to opt both regular and composition scheme under single PAN.
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