engaged in a trading of Home appliances items and Vegitable
can I opt Composition Scheme under GST ?
is Vegitable sale Exempted Supply or Non taxable supply?
Menu
Composition Scheme - Non taxable
Replies (4)
In my opinion vegetables sales is exempt sales.
And second thi g yes you can opt composition scheme u/s 10(1/2) up to turnover limit in your state(1.5cr/75lakh).
Exempt supply is also cover in aggrigate turnover of state so consider sales of both.
And second thi g yes you can opt composition scheme u/s 10(1/2) up to turnover limit in your state(1.5cr/75lakh).
Exempt supply is also cover in aggrigate turnover of state so consider sales of both.
If vegetable is packed it is not exempted.
otherwise exempted.Home appliances trading gst registration not required.
otherwise exempted.Home appliances trading gst registration not required.
Yes you can opt for composition scheme
As per Notification 2/2017 CT rate yes vegetable is Exempted.
As per Notification 2/2017 CT rate yes vegetable is Exempted.
Turnover is essential . Gst registration is always acceptable.
Recent Topic
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
Related Topics
CAclubindia
