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TMI BlogCOMPOSITION SCHEME FOR MEDICAL STORE AND LODGING AND BOARDINGX X X X Extracts X X X X X X X X Extracts X X X X ..... Can a dealer obtain GST registration under the composition scheme for both a medical store and a lodging and boarding business? Plz clarify the doubt - Reply By Sadanand Bulbule - The Reply = Dear querist Your query relates to combined business of three different categories, namely, trading in medicines, supply of food articles and also supply of accommodation facilities together.In my understandi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng, the taxpayer supplying lodging[accommodation]services is not entitled for Composition Scheme. - Reply By PAWAN KUMAR - The Reply = Composition scheme allow for supply of service - 10% of your annual turnover or 5 lakh whichever is higher. if main business is of supply of service then annual turnover limit is 50 Lakh. - Reply By Sadanand Bulbule - The Reply = Dear querist You need to be specifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... c as regards to the category of supply of goods and/or services separately to opt for composite tax. However in the case of supply of accommodation services [lodging], the tariff rate for per room per day is the determinant factor. Section 10 provides general conditions which have to be read with related notifications. - Reply By Shilpi Jain - The Reply = If revenue from your boarding and lodging ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is less than 10% of your total revenue - you could be eligible for composition. Further details regarding your total revenue, the proportion of goods and service revenue, etc. would be required to assess whether composition is eligible. - Reply By KASTURI SETHI - The Reply = Sh.Sadanand Bulbule Ji, Sir, Please refer to your views expressed at serial no. 3 above. Despite my all-out efforts, I could ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not trace out the hurdle in this scenario. Will you please throw more light on the issue regarding ineligibility for registration under composition scheme ? Is composite supply is the hurdle in this scenario ? Pl. advise for enrichment of my knowledge. Thanks regards. - Reply By Sadanand Bulbule - The Reply = Dear Sir Your observation is right. There are no hurdles in the scheme projected under S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 10 of the Act . Although it looks magnetic segment, it follows with many restrictions as well. So one need to be more careful to reap the advantage of the subject scheme. That's all. - Reply By KASTURI SETHI - The Reply = Sh.Sadanand Bulbule Ji, Sir, I am highly thankful to you for your response. - COMPOSITION SCHEME FOR MEDICAL STORE AND LODGING AND BOARDING - Query Started By: - Fah ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iyaz Ahmmed Dated:- 21-9-2024 Last Replied Date:- 25-9-2024 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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