compostion scheme
This query is : Resolved
Hardeep singh
(Querist)
09 October 2017
if comp. dealer sale expmted goods kya usko exmpt or taxfree goods pr bhi 2% tax dena hoga
CA Rashmi Gandhi
(Expert)
09 October 2017
Composition dealer has to pay tax on aggregate turnover i.e. taxable+ exempted.
So you have to pay tax on exempted also.
Message likes :
1 times
Hardeep singh
(Querist)
09 October 2017
plz kya aap mujhe sec detail de skte ho
CA Rashmi Gandhi
(Expert)
09 October 2017
Sec 10.......
Message likes :
1 times
31 October 2026
Under current rules a composition trader pays 1% (0.5% CGST + 0.5% SGST) only on turnover of taxable supplies, so exempt sales are not taxed; this change applies from 1 Jan 2018, though exempt sales still count toward the Rs 1.5 crore eligibility limit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Missed uploading GST Invoice
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
