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composition scheme vale ko kya exempt supply pe bhi tax Dena hoga kya?

srtin.nsdl@gmail.com (3 Points)

23 July 2017

Mr. a, jo ki ek Kirana business man h unhone compostionn scheme me reg. Karya h to usko Uske through jo exempt supply Par bhi compostionn tax rate k according tax Dena hoga kya.

agar Dena h to Kyu?

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11 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160692 Points)
Replied 23 July 2017

Yes....... tax liability is on total turnover and not only on taxable turnover..........

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 23 July 2017

Yes. Composition dealer has to pay tax on exempted supply also.

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 23 July 2017

As per Sec 10(1) tax is levied on turnover if you opt for Composition Scheme & as per Sec 2(112) turnover includes both taxable & exempt supplies. That's the reason person dealing only in exempted goods keep out of Composition Scheme.

So, Composition Dealer have to pay tax on both taxable & exempt supplies at prescribed percentage.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160692 Points)
Replied 23 July 2017

Sirf Exempted goods ka alagse thalla khol do.............

srtin.nsdl@gmail.com (3 Points)
Replied 23 July 2017

tax to taxable supply Par hi collect kiya jaye ga to. fir exempt goods pe tax. kyu dena

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 23 July 2017

As given in Act.

Bikash Thakur (CA) (120 Points)
Replied 23 July 2017

under composition scheme, seller have to pay gst accordingly to rule on his turnover, where the goods comes under exempted, 0% to 28%.

ajay maheshwari (6 Points)
Replied 23 July 2017

any wabsite for hsn code with rate of gst in Excel format for fast finding

ajay maheshwari (6 Points)
Replied 23 July 2017

any wabsite for hsn code with rate of gst in Excel format for fast finding

sanket (self) (30 Points)
Replied 25 July 2017

Doctor Consulting charges per year is Rs. 60,00,000/= and rental income from godown is Rs.10,00,000/= GST applicable on Rental Income

Reagrds

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 25 July 2017

GST HSN CODE in excel format /share_files/details.asp?mod_id=73388

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