If we are collecting rent below 50/ lakhs can we go in the composite scheme?
Reply by GST @ Gol
Composite scheme is available to certain supplier of services only. Pls refer to section 10 of the CGST Act.
Composition levy is defined in section 10(1) of CGST Act.
Relevant extract is as follow.
The registered person shall be eligible to opt under sub-section (1), if
(a) he is not engaged in the supply of services other than supplies referred to in clause
(b) of paragraph 6 of Schedule II;
(b) he is not engaged in making any supply of goods which are not leviable to tax under this Act;
(c) he is not engaged in making any inter-State outward supplies of goods;
(d) he is not engaged in making any supply of goods through an electronic commerce operator who is required to collect tax at source under section 52; and
(e) he is not a manufacturer of such goods as may be notified by the Government on the recommendations of the Council:
Provided that where more than one registered persons are having the same Permanent Account Number (issued under the Income-tax Act, 1961), the registered person shall not be eligible to opt for the scheme under sub-section (1) unless all such registered persons opt to
pay tax under that sub-section.
Composite scheme in GST