Hello Sir and Practicing Members,
New schema of GST Return under composition scheme showing the 0% rate.
What is the 0% ?? can non taxable goods turnover shown under this scheme or not.
why this has been introduced???
** Yes... Exempted Supplies will be shown in the Coloumn.
** Without Calculating of Tax Liabilities...
(In gst composition scheme Taxability calculated All the Outward supplies of its "Taxable or Exempted or Taxable and Excempted. But From Jan-18 it's finalize tax payable only on Taxable Supplies).
CAclubindia
