Menu
Composition scheme
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
Yes he can
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
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
note : The Composition dealer is not allowed supply Non GST Goods
Recent Topics :
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
Related Topics :
CAclubindia
