Mr. a, jo ki ek Kirana business man h unhone compostionn scheme me reg. Karya h to usko Uske through jo exempt supply Par bhi compostionn tax rate k according tax Dena hoga kya.
agar Dena h to Kyu?
Menu
composition scheme vale ko kya exempt supply pe bhi tax Dena hoga kya?
Replies (11)
Yes....... tax liability is on total turnover and not only on taxable turnover..........
Yes. Composition dealer has to pay tax on exempted supply also.
As per Sec 10(1) tax is levied on turnover if you opt for Composition Scheme & as per Sec 2(112) turnover includes both taxable & exempt supplies. That's the reason person dealing only in exempted goods keep out of Composition Scheme.
So, Composition Dealer have to pay tax on both taxable & exempt supplies at prescribed percentage.
So, Composition Dealer have to pay tax on both taxable & exempt supplies at prescribed percentage.
Sirf Exempted goods ka alagse thalla khol do.............
tax to taxable supply Par hi collect kiya jaye ga to. fir exempt goods pe tax. kyu dena
As given in Act.
under composition scheme, seller have to pay gst accordingly to rule on his turnover, where the goods comes under exempted, 0% to 28%.
any wabsite for hsn code with rate of gst in Excel format for fast finding
any wabsite for hsn code with rate of gst in Excel format for fast finding
Doctor Consulting charges per year is Rs. 60,00,000/= and rental income from godown is Rs.10,00,000/= GST applicable on Rental Income
Reagrds
GST HSN CODE in excel format /share_files/details.asp?mod_id=73388
Recent Threads
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
Related Threads
CAclubindia
