Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

tifin service provide and provision store under same composition scheme

169 views 2 replies

praveen

intermediate

304 Points Joined July 2015

can anyone suggest that my one client have general store already registered under composition scheme and now provide tifin service to one company who want gst bills also about this tifin service so my client issue a bill regularly in same composition bill book should I suggest him to register another registration or discontinue composition scheme

Replies (2)

CA Ankit Garg

MD | Genuine Filings

781 Points Joined May 2018

Hello,

Under GST Composition Scheme, one can render service upto 10% of sales of Goods under Composition Scheme, however, such service should be related to such business.

In your case, it would be preferable to take a separate registration for Tiffin Business, from 01-04-2019, you can go with Composition Scheme for Service Providers where you have to pay 6% GST without any ITC benefit or you can take regular registration.

Thanks!!