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Composition

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(Querist)
09 July 2017 Person supplying unbranded pulses (which are exempt) and sugar which is taxable at 5% now in this my query is he supplying both taxable and exempted good. Can he opt for composition scheme assume his turnover is 60 lakh

If yes whether he is mandatory required to file trans 1 form for stock held on 30 the june
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
09 July 2017 He can opt for composition scheme. No need to fill Trans 1 if you opt out composition scheme.
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vinod kumar

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vinod kumar (Querist)
09 July 2017 Sir but in section 10 (2) is written if he is not engaged in making any supply of goods which are not leviable to tax under this Act; then in that case he is eligible for composition scheme
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
09 July 2017 He can but in composition he has to pay 1% while in normal scheme same is tax free.
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