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in food & beverages pay tax 5% of total turnover or total turnover (exclud exempt turnover) ?
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Quick Summary
What is your query???
total t/o in state / UT (including exempt supplies) Sec 10(1)
Sec 2(112) turnover in states includes exempt supplies made within a state or UT by a taxable person .
Dear Bhargav,
5% of tax is to be calculated on total turnover including exempt supplies, interstate supplies and exports also as per sec 2(112) of CGST Act, 2017.
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