Composition Scheme after Amendment(Supplying Goods as well as Service

[Prem Choudhary]

Dear Exper

We have heard that amended in Composition scheme for availing scheme for both supplier -goods or Services or both supplier.

However we have not find condition for availing scheme if supplier has supplier both goods and services.

please advice..

AI Summary

Understanding the Amended GST Composition Scheme: Mixed Supplies, Turnover Limits, and Tax Rates Explained A forum participant inquired about the amended Composition Scheme under the Goods and Services Tax (GST) for suppliers of both goods and services. Responses clarified that under the CGST Act, suppliers with a turnover not exceeding 1.5 crore can opt for the scheme, allowing service supply up to 10% of turnover or 5 lakh, whichever is higher. The scheme simplifies compliance but involves paying tax without input credit, leading to potential financial disadvantages. For mixed supplies, a 6% tax rate applies. The discussion also covered scenarios involving businesses providing both goods and catering services.