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.
-
chatComments
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.
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.
Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.
Ask your QuestionYou need to be logged in to answer.
Steps to be taken by taxpayers to file GSTR 9C
Check your GST numbers in bulk. Check unlimited GST numbers with very cheap packages.