Composition scheme

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audit staff
1203 Points Posted on 08 July 2020
sir, exempted good is eligible to sale under composition scheme?
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On 08 July 2020 at 14:39 Report
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Quick Summary
Yes, a business operating under the Composition Scheme is permitted to sell exempted goods. You will still need to pay a tax of 1%, even on these exempted items. This scheme allows for simplified tax compliance while still enabling the sale of a broader range of products.

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Student
23693 Points Posted on 08 July 2020
Yes. A Composition Scheme dealer is eligible to Supply Exempted Goods.
1 Reply
On 08 July 2020 at 15:34
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Practice
3235 Points Posted on 08 July 2020
Tax of 1% is payable even on exempted goods also
1 Reply
On 08 July 2020 at 20:11

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