AAR: Twin supply of goods and services taxable under ‘Composition scheme’ at 6%

AAR rules on applicability of composition scheme u/s 10 of CGST Act in case of applicant engaged in both supply of goods as well as services where aggregate turnover is less than Rs. 50 lacs; Observes that applicant is engaged in two lines of business, one for supply of goods and other for renting of immovable property and aggregate turnover of both the activities put together is not more than Rs. 50 lacs; Outlines that, since applicant is supplying services, the eligibility ...