Composition scheme on exempt supplies

23 September 2021

Is exempt supplies be liable for tax of 1% rate if composition scheme opted?

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3 Replies

Aniruddha Patra (150 Points)
Replied 23 September 2021

First of all, composite dealer cannnot supply of goods which r not leviable to tax. If u r a manufacturer then 1% of turnover (taxable +exempt).

Sravan Reddy G (CA) (618 Points)
Replied 23 September 2021

Exempted supplies are no need to take registration

vibhuti agarwal (26 Points)
Replied 24 September 2021

If there are taxable and exempt supplies of trader
then composition rate will be liable to 1% of taxable turnover or total turnover.

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