Composition

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Accounts manager
32 Points Posted on 16 June 2017

we have small scale industry annual turnover below 50 lacs and our commi
that is coming under comm

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On 16 June 2017 at 14:49 Report
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Finance Professional
3931 Points Posted on 16 June 2017

Yes,any dealer of goods whose turnover is below 50 lacs in a financial year can opt for composition scheme

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On 16 June 2017 at 15:54
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39 Points Posted on 16 June 2017
composition limit now 75 lacs
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On 16 June 2017 at 16:15
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1167 Points Posted on 16 June 2017
right aditya ji
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On 16 June 2017 at 16:23
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Accounts manager
32 Points Posted on 16 June 2017
our commodity coming under 5% in Gst then I need to give invoice SGST5% or 1%
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On 16 June 2017 at 16:47
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Asst Mgr-Taxation
6918 Points Posted on 16 June 2017

when u opt for composition scheme you have to pay 1% on turnover and not to show the same in invoice 

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On 16 June 2017 at 17:01
Guest
To understand Composition scheme see this video.

https://youtu.be/R_zW-zh5oYI
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On 17 June 2017 at 19:03

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