composition scheme

Composition scheme covers supply of any kind of goods or services. Section 10 of CGST Act may be seen in this regard. Pl see restrictions in section 10(2) in this regard.

Originally posted by : raja sekar
	can a retailer who sells fruits like banana guava and rice opt for composition scheme.

Yes... He can.....

 

But, Small Drawback is Calculate tax on Full turn over.

It means, You ll calculate T/O tax on full sales valu like (taxable Value + Exempted Value = Turn Over (x) 1%)

The dealer cannot supply GST exempted goods. Does this condition apply only for dealers.

Please explain one more...
I can't understand dear...
What is retailer business...?
He is registered or not...?

He is registered. He sells directly to consumers B2C. He runs a retail shop which sells both exempted and taxable goods. The condition says " a DEALER registered under composition scheme cannot supply exempted goods ". Now the question is does the word DEALER refers only B2B or both B2B and B2C?

Where is "The condition says " a DEALER registered under composition scheme cannot supply exempted goods"....?


A composition dealer can't give services only. Also the condition except to restuarent business....

Coming to the point...
Your said way (composition dealer) can deal the exempted goods and taxable goods. Also he can sell above said fruits. No more restriction except services....

But,
Condition says, you ll be calculate tax (1% / 2 = 0.5% + 0.5%) your turn over.
Composition dealer's turn over calculate is "Taxable Sales + Exempted Sales (Exempted, Zero Rated & Nil Rated) = Total Turn Over.....

OK sir thank you