TaxTMI 
TaxTMI 
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.
COMPOSITION
02 Jul 2017 
6 Replies 
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Composition scheme eligibility: cannot be applied selectively when same PAN covers ineligible services and trading businesses.
Composition scheme option is PAN based and applies to all places of business registered on the same PAN; a taxpayer carrying both trading and ineligible service activities (such as commercial property renting) under the same PAN cannot elect composition only for the trading business, because excluded services and inter state supply considerations render the PAN ineligible for composition. (AI Summary)
Composition scheme option is PAN based and applies to all places of business registered on the same PAN; a taxpayer carrying both trading and ineligible service activities (such as commercial property renting) under the same PAN cannot elect composition only for the trading business, because excluded services and inter state supply considerations render the PAN ineligible for composition. (AI Summary)