GST on rice
raghunadha raju (15 Points)
04 August 2017
Taxable rice 5 lakhs Non taxable rice 16 lakhs total turnover 21 lakhs tax rate how is calculated on composition scheme
2 Replies
Sri Snigdha
(Articles Assisstant)
(499 Points)
Replied 04 August 2017
composition scheme doesn't provide any relaxment for exempted and non exempted goods so the tax has to be paid on the total turnover i.e. 1% on 21 lcs
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