Composition
This query is : Open
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
If yes whether he is mandatory required to file trans 1 form for stock held on 30 the june
09 July 2017
He can opt for composition scheme.
No need to fill Trans 1 if you opt out composition scheme.
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
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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