Registration

[Ravikumar Doddi]

Dear sir,

The applicant is a doctor simultaneously running Medical shop does he eligible to opt for composition. as per the amended provision(w.e.f.1.2.2019) he may do so supply of services up to 5.00 lakh or 10% turnover which ever is higher but his consultancy i.e, supply of services may exceed 5.00 lakh per year apart from medical shop turnover. So to my knowledge not eligible for composition, he has to go for regular registration, kindly enlighten.

AI Summary

Composition scheme service threshold affects mixed suppliers' eligibility, permitting limited services under the composition regime.
Suppliers under the composition scheme may supply services only up to the statutory ceiling introduced w.e.f. 1 February 2019, being the higher of a specified monetary floor and a percentage of the dealer's goods turnover; service supplies within that ceiling are permitted under composition, while supplies exceeding the ceiling render the supplier ineligible for composition and necessitate regular registration.