banner_ad

COMPOSITION SCHEME

171 views 5 replies
User Avatar

401 Points Posted on 22 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
Reply Share Follow
On 22 August 2017 at 22:05 Report
Replies (5)
User Avatar

student
121 Points Posted on 22 August 2017
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
Reply
On 22 August 2017 at 22:28
User Avatar

16 Points Posted on 22 August 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
Reply
On 22 August 2017 at 22:28
User Avatar

401 Points Posted on 22 August 2017
Ok thanks
Reply
On 22 August 2017 at 22:33
User Avatar

401 Points Posted on 22 August 2017
if i have already taken composite how i can change it to regular
Reply
On 22 August 2017 at 22:34
User Avatar

student
121 Points Posted on 22 August 2017
you will be automatically shifted to normal scheme

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


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details