whether exempted sales under composition scheme comes under GST ?
and what percentage we will take it as sales
2 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 22 February 2021
Exempted Sales are not covered under Composition Scheme and no liability arises on it to pay tax.
Bhavika Kothari
(CA)
(1258 Points)
Replied 28 February 2021
If this is related to selling exempted goods or services then a taxpayer registered under composition scheme can sell exempted goods. The list of exempted goods is same as that for regular taxpayer. There are no separate goods which are considered as exempted for composition scheme
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