Tax on turnover in composition
Querist : Anonymous
My client is Trading Milk and Its Products, His Turnover Includes Taxable Supplies (Milk Products) and Exempt Supplies (Milk & Curd). Whether He as to Pay 1% tax on both Taxable Supplies and Exempt Supplies (The exempted Product is it self Exempted from Tax Under GST) ? Please Explain.
Difference between Non GST Supply and Non Taxable Supply, Please Explain with Example.
Difference between Nil Rate Supply, Zero Rate Supply and Exempted Supply, Please explain with Example.
Nil rate supply and exempt supply on and the same.
Export supply is zero rated but taxable when sold within India (taxable items)
Querist : Anonymous
Thank You all,
Form 15/11/2017 composition dealer will pay @ 1% Tax On Only Taxable Items ? We want to Declare Exempted or Nil Items In Return ? Can you Please share any notifications regarding this.
Sir, One More Query
Dealer having VAT Registration as Regular, but Now in GST he is Opt for Composition Scheme, whether he as to file TRAN 01 ? and He as taken composition scheme on 15/08/2017 before whether he as to pay tax as regular ?
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