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Composition

Mo.Asif (Prop) (139 Points)

13 July 2017

I have sales both item tax free and taxable now my question is can I have paid tax on total turnover only paid in taxable sales please reply

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11 Replies

Ravi SADhiyan (Practice) (4510 Points)
Replied 13 July 2017

Only Taxable Goods & services

Taxable & Non- Taxable goods & Services Culb only for Registration

1 Like

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yogesh wakchaure (4 Points)
Replied 13 July 2017

total turnover sale matters you have to pay 1% if below 75 lacks under composition scheme

CA. MITHUN KHATRY (CA IN PRACTICE) (370 Points)
Replied 13 July 2017

tax on total turnover including exempt supplies. read full article by CA Mithun Khatry at https://gstbible.com/blog/goods-services-tax-gst-option-to-pay-tax-under-composition-scheme/

Narayan Shivhare (204 Points)
Replied 13 July 2017

Yes it is right to say that in Composition you have to pay tax on total turnover,

Hetal Patel (Author) (117 Points)
Replied 14 July 2017

You only have to pay for taxable Goods&Services.

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aakash rai (finance manager) (24 Points)
Replied 14 July 2017

you have to paid total turnover..the word is mention in act that is overall turnover will be applicabe whethe it is exempted or its taxable...

Asif (Prop) (83 Points)
Replied 14 July 2017

How do I make Bill of Soupili bill?
Making Taxes Different With Direct Amount

aakash rai (finance manager) (24 Points)
Replied 15 July 2017

IN COMPOSITION SCHEME YOU CAN'T CHARGE ANY KIND OF TAX ON YOUR SALE INVOICE JUST YOU HAVE TO GIVE DECLARATION ONE LINE "Composition taxable person, not eligible to collect tax on supplies” LIKE THIS...

harpreet singh (16 Points)
Replied 16 July 2017

https://gstbible.com/blog/goods-services-tax-gst-option-to-pay-tax-under-composition-scheme/ Read more at: /forum/composition-407220.asp

Balamurali Krishna (Student & Article Trainee) (178 Points)
Replied 16 July 2017

Under composition scheme, tax has to paid on turnover.

And

Aggregate turnover will be computed on the basis of turnover on an all India basis and will include value of all taxable supplies, exempt supplies and exports made by all persons with same PAN, but would exclude inward supplies under reverse charge as well as central, State/Union Territory and Integrated taxes and cess.