Please, tell me the procedures of computing turnover under Composition levy for a trader?
Will the exceptions, zero rated goods, nil rated goods be considered?
BISWAJIT PRADHAN (243 Points)
28 March 2019
Radhey Shyam Jha
(Student)
(1614 Points)
Replied 28 March 2019
CA Ankit Agarwal
(CA, CS)
(693 Points)
Replied 29 March 2019
Turnover in a State means the aggregate value of :
all taxable supplies,
exempt supplies,
exports of goods and / or services made within a State by a taxable person and
inter-state supplies of goods and / or services made from the State by the said taxable person
excluding taxes, if any charged under the CGST Act, SGST Act and the IGST Act, as the case may be.
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