Composition scheme

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audit staff
1203 Points Posted on 25 January 2020
sir, my client start new business such as fruits, veg, beverage etc...
exempted and taxable goods are included. now can i opt composition scheme? even exempted goods are sold at composition scheme ?
pls explain sir
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On 25 January 2020 at 15:10 Report
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This discussion clarifies whether a client starting a new trading business, including fruits, vegetables, and beverages, can opt for the composition scheme. The scheme is available for traders, with tax payable at 0.5% CGST and 0.5% SGST on taxable supplies. Importantly, the composition tax is not applicable to exempted goods.

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Studwnt
1141 Points Posted on 25 January 2020
As he will be a trader and not manufacturer 1% of Taxable supplies of goods and services in state . therefore 1% will not be on exempted goods.
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On 25 January 2020 at 15:26
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1184 Points Posted on 25 January 2020
Mr. Srikumar your client is in trading business of fruits, vegetables, and beverage etc. Hence you can avail composition scheme and pay tax @ 0.5 + 0.5 % respectively for CGST & SGST.
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On 25 January 2020 at 19:10

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