Hello Sir and Practicing Members,
New schema of GST Return under composition scheme showing the 0% rate.
What is the 0% ?? can non taxable goods turnover shown under this scheme or not.
why this has been introduced???
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0% Rate in Composition scheme
Replies (7)
** Yes... Exempted Supplies will be shown in the Coloumn.
** Without Calculating of Tax Liabilities...
(In gst composition scheme Taxability calculated All the Outward supplies of its "Taxable or Exempted or Taxable and Excempted. But From Jan-18 it's finalize tax payable only on Taxable Supplies).
** Without Calculating of Tax Liabilities...
(In gst composition scheme Taxability calculated All the Outward supplies of its "Taxable or Exempted or Taxable and Excempted. But From Jan-18 it's finalize tax payable only on Taxable Supplies).
thank you sir...can I have Jan-18 circular
Please read the Notification - 1/2018 CT dt 1.1.18.
thank you sir...
u r wlcm dr... ..
Good clarification
Sir can we issue 0 % bill in Composition Schm
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