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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Composition scheme
Replies (2)
Quick Summary
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.
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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