sir, my client start new business such as fruits, veg, beverage etc...
exempted and taxable goods are included. now can i opt composition scheme? even exempted goods are sold at composition scheme ?
pls explain sir
2 Replies
Roshni
(Studwnt)
(1141 Points)
Replied 25 January 2020
As he will be a trader and not manufacturer 1% of Taxable supplies of goods and services in state . therefore 1% will not be on exempted goods.
Anup Agarwal
(1184 Points)
Replied 25 January 2020
Mr. Srikumar your client is in trading business of fruits, vegetables, and beverage etc. Hence you can avail composition scheme and pay tax @ 0.5 + 0.5 % respectively for CGST & SGST.
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