GST COMOSITION SCHEME
This query is : Resolved
22 June 2017
whether turnover exempt or nil rated GOODS are is liable for tax for composition supplier under GST
23 June 2017
Sir, Composition scheme under GST is just to provide little bit relaxation to small dealers whose turnover is less than Rs. 75 lakhs. Any scheme framed under law cannot override a legislation and under composition scheme also we have to pay tax on taxable supplies if any supply is itself not taxable or taxable at zero rate then composition scheme cannot make any such supply taxable or charges tax at zero rated supplies
I hope you are getting my point what i'm trying to say
I hope you are getting my point what i'm trying to say
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
