Composition return

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Consultant

151 Points Joined February 2017

If a composition dealer taxable sale 250000

and Exempted sale 150000

Total sale 400000. can i pay tax only for taxable sale or exempted also

Replies (2)

Chartered Accountant

1147 Points Joined August 2013

Appears to be payable on exempted supplies as well excl. interest income

Student

23688 Points Joined November 2017

Are you a Trader or a Manufacturer ???

If you are a Trader then you have to pay GST only on the Taxable Supply of Goods and not on Exempted Supply.

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