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
COMPOSITION SCHEME FOR MEDICAL STORE AND LODGING AND BOARDING
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Composition scheme eligibility for mixed medical and lodging businesses hinges on service classification and revenue proportion.
Eligibility for the Composition scheme for a combined medical store and lodging business turns on classification of supplies and the proportion of revenue from accommodation; composition for services is subject to prescribed turnover ceilings and fixed composition charges, and mixed or composite supplies and tariff treatment of accommodation can restrict eligibility under the statutory composition conditions and related notifications. (AI Summary)
Eligibility for the Composition scheme for a combined medical store and lodging business turns on classification of supplies and the proportion of revenue from accommodation; composition for services is subject to prescribed turnover ceilings and fixed composition charges, and mixed or composite supplies and tariff treatment of accommodation can restrict eligibility under the statutory composition conditions and related notifications. (AI Summary)
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