Dear forum,
While calculating the GST under composition scheme, whether turnover including exempted turnover is taken into account or only taxable turnover be considered..??
As per Sec.2(112), TO for calculating the tax will also include exempted TO.
If so, what stands as to the Order No. 1/2017 CT dated 13-10-2017
Invite your clarification.
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Turnover for composition scheme
Replies (3)
The Turn is calculated your Total sales if it's Taxable + Exempted + Nil Rated = Total Turn Over....
The order is based the Output Liability of Taxes. Not on your Turn Over...
The order is based the Output Liability of Taxes. Not on your Turn Over...
Thank you
You are welcome .......
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