COMPOSITION
Query (Issue) Started By: – CA. ANCHAL RASTOGI Dated:- 2-7-2017 Last Reply Date:- 16-7-2017 Goods and Services Tax – GST
Got 6 Replies
GST
A Individual having rental from commercial property of ₹ 11 Lacs and turnover from a B to C trading business of ₹ 40 Lacs. May he opt composition for only trading business ? all other condition necessary for composition are OK.
\nReply By KASTURI SETHI:
\nThe Reply:
\nCannot opt for composition scheme. You will have to conform to all the parameters laid down under GST Acts.
\nReply By Preeti Sharma:
\nThe Reply:
\nHello CA. Anchal Rastogi,
\n As per my knowledge, Composition scheme in GST is a PAN based scheme. All taxable persons covered by the same PAN shall be under composi<\/p>\n
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