Service provider registration under gst composition scheme

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18 Points Posted on 29 May 2020
can service provider get registration under gst composition scheme
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On 29 May 2020 at 15:10 Report
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Service providers with an annual turnover below £50 Lakhs are now eligible to register under the GST Composition Scheme. This change, effective from April 1, 2019, was introduced via Notification No. 02/2019 C.T. (Rate). Under this scheme, the applicable GST rate for service providers is 6% of their turnover.

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Ca Article
354 Points Posted on 29 May 2020
Yes, w.e.f. 01.04.2019, a Service Provider having turnover of less than 50 Lakhs can register under Composition Scheme.

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On 29 May 2020 at 18:18
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accountant
519 Points Posted on 29 May 2020
Can please tell us the notification no?
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On 29 May 2020 at 21:58
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Ca Article
354 Points Posted on 29 May 2020
Notification No. 02/2019 C.T. (Rate) dtd. 07.03.2019
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On 29 May 2020 at 22:22
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GST Practitioner
55067 Points Posted on 30 May 2020
It's sub Section ( 2A) of Section 10 of CGST Act inserted vide Finance (No.2) Act ,2019 & Notified vide Notification 2/2019 CT (r)

Note : Rate of GST is 6% on turnover for this Scheme
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On 30 May 2020 at 00:08
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Ca Article
354 Points Posted on 30 May 2020
Yes the rate is 6% of the turnover.
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On 30 May 2020 at 01:15

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