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Composition scheme

anshul tiwari (Student CA IPC / IPCC) (261 Points)

27 February 2020

If any businessman who has very low sale example 20 lakh but he has agriculture land and selling his agriculture crops then can he go for composition scheme for his business or not

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3 Replies

Anshuman Basu (account -GST) (1556 Points)
Replied 27 February 2020

Yes he can

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SOHAN LAL (Manger Accounts & Finance) (363 Points)
Replied 27 February 2020

Aggregate turnover” means the aggregate value of all taxable supplies(excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-state supplies of persons having the same Permanent Account Number, to be computed on an all-India basis but excludes Central tax, State tax, Union territory tax, Integrated tax and cess

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 27 February 2020

Yes you can obtain Registration under Composition scheme because agriculture goods are Exempted (Nil Rated) under GST (Refer Notification 12/2017 CT r).

note : The Composition dealer is not allowed supply Non GST Goods