exempted goods under composition
om AGRAWALLA (51 Points)
05 October 2017om AGRAWALLA (51 Points)
05 October 2017
Naveen Garg
(121 Points)
Replied 05 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 October 2017
Sourav Mittal
(Still Learning)
(146 Points)
Replied 05 October 2017
Originally posted by : Naveen Garg | ||
Section 10(2)(b) compostion schemei.e.he is not engaged in making any supply of goods which are not leviable to tax under this Act;my question isa person suppying exempted and taxable goods at the same time....can opt for compostion or not? |
yes he can, however gst to be paid on entire turnover.
amit aggarwal
(Tax Consultant)
(59 Points)
Replied 26 April 2018
There is an error in the act mentioning that exempted goods supply dealer can't opt for composition scheme which may be amended by the concerned authorities. Also, as per notification dated on 01.01.18 they told in a circular that turnover for traders not include exempt supplies when he should deposit gst. We need here some amendments in the act.