COMPOSITION SCHEME

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401 Points Joined August 2017
I have a grocery shop i sell rice dal atta of rs 2 crores yearly and 50lakhs of taxable items i am liable to take which scheme
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On 22 August 2017 at 22:05 Report
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student
121 Points Joined November 2011
you have to apply for Normal scheme
as your aggregate turnover is exceeding 75 lacs annually

and secondly you r dealing in exempt items sale
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On 22 August 2017 at 22:28
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16 Points Joined July 2017
Your total turnover will be Rs. 2.50cr therefore you will be on regular tax payer. You have to show your taxable sale and examted sale separately in gstr returns
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On 22 August 2017 at 22:28
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401 Points Joined August 2017
Ok thanks
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On 22 August 2017 at 22:33
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401 Points Joined August 2017
if i have already taken composite how i can change it to regular
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On 22 August 2017 at 22:34
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student
121 Points Joined November 2011
you will be automatically shifted to normal scheme

that means
yoi will be providing tax invoice to your customer
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On 22 August 2017 at 22:37


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