composition scheme

Pawan Gupta (401 Points)

23 March 2018

if i have a turnover of 10 lakhs and 5 lakhs of exempted goods total 15 lakhs
how much tax i have to pay 10000
or 15000

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7 Replies

Rahul Prasad (CA Student) (1683 Points)
Replied 23 March 2018

10,000

Ankit Garg (Chartered Accountant) (73 Points)
Replied 23 March 2018

you cannot take benefit of composition scheme if you are selling taxable goods and exempted goods both under same GSTIN.

Pawan Gupta (401 Points)
Replied 23 March 2018

what should I do

Rahul Prasad (CA Student) (1683 Points)
Replied 23 March 2018

As per notification dated 01.01.2018, turnover in case of traders has been defined as ‘ Turnover of taxable supplies of goods’.

Ankit Garg (Chartered Accountant) (73 Points)
Replied 24 March 2018

please share notification

Dharmvir Singh (Proprietor) (22 Points)
Replied 02 November 2018

Can I have an exempted List of Services

subhagan sreerangam (7056 Points)
Replied 05 August 2019

good and contact information

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