I am registered under the composition scheme, my turnover in 2018-19 by retail medical store is below 30 lacks,& income from shop rent is 3.6 lacks per year, 1)what rate i have to pay tax, 2)should I cancel my gst as per new gst registration limit
Sejal Golecha (49 Points)
24 April 2019I am registered under the composition scheme, my turnover in 2018-19 by retail medical store is below 30 lacks,& income from shop rent is 3.6 lacks per year, 1)what rate i have to pay tax, 2)should I cancel my gst as per new gst registration limit
Monali Dua
(Manager)
(266 Points)
Replied 24 April 2019
1. You cannot opt composition scheme, as your service supply is more than 10% of aggregate supply.
2. For mixed supply the limit is same as before, i,e, 20 lakhsm so you cannot cancel your registration.
Padmanathan Kv
(2127 Points)
Replied 24 April 2019
Sejal Golecha
(49 Points)
Replied 24 April 2019
Madhvi kashyapa
(student)
(280 Points)
Replied 24 April 2019
Yes, you can get registered with 6% composition rate scheme, i.e. mixed supply upto Rs. 50 lakhs.
Sejal Golecha
(49 Points)
Replied 24 April 2019
Madhvi kashyapa
(student)
(280 Points)
Replied 24 April 2019
Yes, in that case only trading of goods upto 40 lakhs ...
Sejal Golecha
(49 Points)
Replied 24 April 2019
Sejal Golecha
(49 Points)
Replied 24 April 2019
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