COMPOSITION

[CA.ANCHAL RASTOGI]

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.

AI Summary

GST Composition Scheme: Cannot Be Applied Selectively to Businesses Under Same PAN; Rental Income Not Eligible. An individual with a commercial property rental income of 11 lakhs and a business turnover of 40 lakhs inquired about opting for the GST composition scheme solely for their trading business. Respondents clarified that the composition scheme is PAN-based and applies to all businesses under the same PAN across India. Therefore, it cannot be selectively applied to only one business. Additionally, renting services do not qualify for the composition scheme, which is primarily available for trading activities, with certain restrictions such as the exclusion of inter-state sales and specific service provisions.