Gst Queries


Anonymous
watch_later 3 weeks, 3 days ago

Sir,

A person registered in composite scheme(1% tax rate) in gst act trading of cloth business.

Trade  sale turnover April to June and July to September,2019 Rs.23 lacs  composite tax 1% Rs.23000/- paid

If a person services income from commercial rents April to September,2019 Rs.60000/-

Question:

Service  income from rents upto September,2019 Rs.60000/-   sale turnover on 10% or 5 lacs which high-value  as per  provision composite tax 1%rate paid (Rs.600) correct or wrong.

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1 Answer

GST Payer watch_later 1 week, 6 days ago
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Composition is applicable only on goods with exception of few services. You need to charge GST at 18% on rent. Change your tax type or take fresh registration of rent income.

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