Composition scheme
Bhargav Nirmal (107 Points)
25 March 2020
in food & beverages pay tax 5% of total turnover or total turnover (exclud exempt turnover) ?
4 Replies
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 05 April 2020
total t/o in state / UT (including exempt supplies) Sec 10(1)
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 05 April 2020
Sec 2(112) turnover in states includes exempt supplies made within a state or UT by a taxable person .
CA Uma Sankar
(Member)
(75 Points)
Replied 05 April 2020
Dear Bhargav,
5% of tax is to be calculated on total turnover including exempt supplies, interstate supplies and exports also as per sec 2(112) of CGST Act, 2017.
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