composition scheme
raja sekar (1435 Points)
25 September 2017
can a retailer who sells fruits like banana guava and rice opt for composition scheme.
raja sekar (1435 Points)
25 September 2017
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 25 September 2017
Composition scheme covers supply of any kind of goods or services. Section 10 of CGST Act may be seen in this regard. Pl see restrictions in section 10(2) in this regard.
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 25 September 2017
| Originally posted by : raja sekar | ||
 |
can a retailer who sells fruits like banana guava and rice opt for composition scheme. |  |
Yes... He can.....
But, Small Drawback is Calculate tax on Full turn over.
It means, You ll calculate T/O tax on full sales valu like (taxable Value + Exempted Value = Turn Over (x) 1%)
raja sekar
(1435 Points)
Replied 25 September 2017
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 25 September 2017
raja sekar
(1435 Points)
Replied 26 September 2017
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 26 September 2017
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