Composition scheme both taxable goods and nil tax goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2017
A dealer dealing with taxable goods as well as nil tax rated supplies has to pay tax of 1% under composition scheme on total turnover (turnover of taxable and nil rated supplies) or only on turnover of taxable goods.
22 August 2017
Under excise act, nil rated goods we can claim ITC so that nil rated was also clubbed in turnover
But in gst we can't take itc on nil rated goods
So in my opinion there is no need to club them for t.o of composition
But in gst we can't take itc on nil rated goods
So in my opinion there is no need to club them for t.o of composition
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