I have a mobile service shop,

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187 Points Posted on 12 January 2024
I have a mobile service shop, can I keep it in composition by taking GST, will I have to pay tax in composition?
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On 12 January 2024 at 13:28 Report
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This discussion explores whether a mobile service shop owner with a turnover exceeding Rs. 50 lakhs can opt for the GST composition scheme. While the general composition scheme has a turnover limit, service providers have a separate option taxed at 6% up to Rs. 50 lakhs. Given the owner's mixed income from services and goods, and a total turnover of Rs. 65 lakhs, it's advised to apply for the normal GST scheme immediately to avoid significant penalties, as they are already late for registration.

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M Com FCS LLB M-AIMA
14046 Points Posted on 12 January 2024

You can take composition scheme but since you are a service provider being a mobile service shop, you need to opt for separate composition scheme for service providers which is taxable at 6% subject to maximum turnover of Rs. 50 lacs in a year.

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On 12 January 2024 at 16:04
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"Do the Right Thing...!!!"
128162 Points Posted on 12 January 2024
Yes I agreed with Mr CS Advocate Abhishek Goyal...
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On 12 January 2024 at 19:45
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Accountant
1227 Points Posted on 13 January 2024
Why are you planning to take gst? turnover issue or for loan?
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On 13 January 2024 at 00:41
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Profession
28271 Points Posted on 13 January 2024
Start ur business , some change is required.
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On 13 January 2024 at 11:19
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"Do the Right Thing...!!!"
128162 Points Posted on 13 January 2024
Wt s some chngs
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On 13 January 2024 at 11:34
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187 Points Posted on 14 January 2024
Sir, yes my turnover is 65 lakhs, of which mobile service is 17 lakhs and goods sale is 48 lakhs. I am taking both the money in the same account.
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On 14 January 2024 at 06:28
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Accountant
1227 Points Posted on 15 January 2024
1. already you are late to apply for gst.

2. you can apply for normal scheme only.

3. do it ASAP and start filing gst returns.

4. can lead to huge penalties in future if you don't take registration.
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On 15 January 2024 at 15:21
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2 Points Posted on 16 January 2024

Elevate your mobile service shop's online presence with the expertise of top video production services. Showcase your offerings, expertise, and customer satisfaction through engaging videos, establishing a compelling digital narrative that attracts and retains customers.

 

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On 16 January 2024 at 23:33
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Profession
28271 Points Posted on 17 January 2024
Any liability provided.
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On 17 January 2024 at 16:45

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