I have a few queries regarding composition scheme (please answer keeping July to September quarter in mind): 1. Whether sale of exempted goods has to be included in Turnover for calculating composition tax for July to September quarter 2. Whether rate of composition tax is 1% for July to September quarter 3. What is the due date to pay composition tax for July to September quarter
1. Yes, Sale of exempted goods should also be included in turnover for calculating composition tax for July-Sep quarter. Since exclusion of exempted goods from turnover for composition tax was finalized in council meeting held in November and was to be effective prospectively from 15th November onward. But no official notification issued for the same till date (i.e. 21/12/2017) regarding the same. 2. Rate is 1% for Trader, 2% for manufacturer and 5% for restaurant business for July-Sep Quarter. 3. Due date for payment of tax and filing of return (GSTR4) is 24th December 2017.
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