Turnover as per composite scheme of gst

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Dear Sir,

 

Please let me know whether we need to consider exempted goods sales while calculating turnover as per composite scheme of GST.

 

Regards,

S.Jyothi.

Replies (10)
previous year turnover limit was 65 lakhs, should I register in composition scheme...?

Yes...... emphasis is on aggregate turnover

@ chintan: yes you are eligible based on previous year turnover

YES.............

yes aggregate turnover includes exempted goods also
But there is a condition in composition rule that dealer should not engaged in the supply of goods not leviable to tax , so my answer is differ and I will say he cannot go for composition scheme
Agree with Sourabh Soni. Turnover cannot include exempted goods in case of a person opting for composition scheme.
YES
You need to consider exempted goods sales while calculating turnover as per composite scheme of GST

Conditions and restrictions for composition levy
The person exercising the option to pay tax under section 10 shall comply with the following conditions:
(a) he is neither a casual taxable person nor a non-resident taxable person;
(b) the goods held in stock by him on the appointed day have not been purchased in the course of inter-State trade or commerce or imported from a place outside India or received from his branch situated outside the State or from his agent or principal outside the State, where the option is exercised under sub-rule (1) of rule 1;
(c) the goods held in stock by him have not been purchased from an unregistered person and where purchased, he pays the tax under sub-section (4) of section 9;
(d) he shall pay tax under sub-section (3) or sub-section (4) of section 9 on inward supply of goods or services or both received from un-registered persons;
(e) he was not engaged in the manufacture of goods as notified under clause (e) of sub-section (2) of section 10, during the preceding financial year;
(f) he shall mention the words “composition taxable person, not eligible to collect tax on supplies” at the top of the bill of supply issued by him; and
(g) he shall mention the words “composition taxable person” on every notice or signboard displayed at a prominent place at his principal place of business and at every additional place or places of business.

I m selling taxable goods and exempted good and I m composition dealer then as manufacturer on which deal I have to pay tax. (On taxable sale or on exempted sale or on both)

your goods are already exempted why should you need to go to composition scheme because there is no gst


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