For traders under composition Gst rate @ 1% turnover.
Whether Turnover is inclusive of exempted sales or not?
ANJANI KUMAR (INTER+CPT) (115 Points)
24 January 2018
Raja sekhar Reddy
(25 Points)
Replied 24 January 2018
sharat
(Unemployed)
(135 Points)
Replied 25 January 2018
ishika
(CA)
(287 Points)
Replied 25 January 2018
For turnover calculation under composition scheme, exempt sales have to be included.
Know more about relevant faq here : GST Forum India
Jethmal Singhvi
(Chartered Accountant-Practitioner)
(140 Points)
Replied 25 January 2018
You have to pay 1% GST only on taxable turnover from January 01, 2018.
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