Sir
One marriage hall dealer has opted for composition scheme and paying @6% on the rent collected since his turnover is less than Rs 50 lacs. He is planning to let out part of the building for rent of Rs 1 lac per month and even his turnover is less than Rs 50 lakh. Can he give GST@6% on the rent also under composition scheme or else he has to change to the normal scheme and pay normal rate of 18% on the entire turnover under the normal scheme.
Sreekumar Asked question October 10, 2020
Rent also being supply of services, and if turnover doesnt breach Rs 50 lakh limit. GSt rate of 6% will apply.
Team Clearmytax.in
Frah Saeed Changed status to publish October 12, 2020