composition scheme
This query is : Resolved
08 July 2017
if a trader deals in both exempted or non exempted goods,
is composition rate will also be applicable on exempted goods ???
08 July 2017
Composition charged on all supplies including exempted goods also.
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08 July 2017
Section 10(2)(b) provides that a person is not eligible for composition scheme if engaged in making any supply of goods which are not leviable to tax under this Act. Further, if certain goods are exempted, then also the tax is payable as percentage of "turnover", the tax shall be charged on exempted goods too.
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