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Composition scheme

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anshul tiwari

Student CA IPC / IPCC

179 Points Posted on 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

Replies (3)

Quick Summary

This discussion clarifies whether a businessman with low sales, who also derives income from selling agricultural crops, can opt for the GST composition scheme. The answer is yes, as agricultural goods are generally exempt under GST. However, it's important to note that a composition dealer cannot supply non-GST goods.

Anshuman Basu

account -GST

1181 Points Posted on 27 February 2020

Yes he can

SOHAN LAL

Manger Accounts & Finance

244 Points Posted on 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

29904 Points Posted on 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