sir/mam my sweet supari business is under 75L and it is operated between UP and bihar . can i take benefit of
composition scheme.
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composition scheme
Replies (3)
You can opt for composition scheme but you cannot make outward interstate supplies.
thanks sir
Confusion about GST Composition Scheme.
1: My Total Turnover ₹35 Lacs.
Soap, Spices, Biscuits etc ₹20 Lacs.
Atta, Salt, Loose rice etc (exempt items) ₹15 Lacs.
So what is tax liability in Compound. @ 1% 35000 or 2000
___________________
2: on 30 June i have Soap, Spices, Biscuits etc Stock of ₹150000.
Atta, Salt, Loose rice etc (exempt items) ₹50000
There is no ITC Balance So am i liable? to pay tax according closing Stock on 30 June.
1: My Total Turnover ₹35 Lacs.
Soap, Spices, Biscuits etc ₹20 Lacs.
Atta, Salt, Loose rice etc (exempt items) ₹15 Lacs.
So what is tax liability in Compound. @ 1% 35000 or 2000
___________________
2: on 30 June i have Soap, Spices, Biscuits etc Stock of ₹150000.
Atta, Salt, Loose rice etc (exempt items) ₹50000
There is no ITC Balance So am i liable? to pay tax according closing Stock on 30 June.
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