Chartered Accountant
121 Points
Joined May 2011
Hi
A Composition tax payer has to pay tax at the rate of half per cent of the turnover in the State or Union territory.
Turnover definition as per sec 2(112) - Includes exempt supply
Hence in my view Composition tax payer has to pay tax even on his exempt supplies at the rate of 0.5% CGST and 0.5% SGST
Any other views are appreciated
Thank You