TaxTMI 
TaxTMI 
Registration
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....egistration<br> Query (Issue) Started By: - Ravikumar Doddi Dated:- 26-9-2019 Last Reply Date:- 27-9-2019 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Dear sir, The applicant is a doctor s....
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....imultaneously 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 h....
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....igher 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....
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...., kindly enlighten. Reply By KASTURI SETHI: The Reply: W.e.f.1 February, 2019, the suppliers shall be allowed to supply services to the extent of 10% of the turnover or ₹ 5 lakhs, whichever is....
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.... higher. For example ; If Composition dealer has turnover of 80 lakhs (goods), 10% works out ₹ 8 lakhs (and option is or 5 lakhs, whichever is higher). Higher is 8 lakhs and supply of services ....
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....to the value of 8 lakhs is permitted. In other words, eligible for composition scheme. If his turnover is 40 lakhs, 10% works out to ₹ 4 lakhs and higher is 5 lakhs. Despite the turnover of 40 l....
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....akhs, supply of services to the value of ₹ 5 lakhs is allowed. Reply By Ravikumar Doddi: The Reply: Thank you very much sir<br> Discussion Forum - Knowledge Sharing ....