my proprietary business turnover 30 lacks purchase, 35 lacs sale, rental income from commercial shop in my personal name 3 lacks, I am in composition scheme, at what rate i have to pay tax?
1)if same as composition then in my case 35+3=38*1%=38 k
2) new scheme of 6% tax in my case I have to pay 35+3=38*6%=2.28 lacks
so my rental income becomes almost zero
which one is correct
3) As my turnover is less than gst limit,can I cancel my gst registration?
4) After cancellation of my gst,if I received rental income then what will happen
5) any other way?