Composition tax on exempted goods

(including the exempted supply) means 'that person dealing taxable items and also dealing excempted items. He ll be calculate the whole transactions based tax.
Ex: Taxable goods sold Rs. 10,00,000lakhs and Excempt Goods Sold : Rs. 5,00,000. Now the total turn over Rs. 15,00,000/-. He calculatethe tax Rs. 15lakh *1%= 15000 payable....

If only deal excempted goods he don't want to registration....

Originally posted by : RAJA P M
	If only deal excempted goods he don't want to registration....

Sir, person supplying only exempted goods, in any case, are not liable to register under GST. Clause (b) of sub-section 2 of section 10 of CGST Act, doesn't mention that he should be not be engaged ONLY/EXCLUSIVELY in making supply of exempted goods. The word used is ANY supply. So it ahould be taken as - A person is not eligible for registration under composition scheme if he is making even a single transcation of supply of exempted goods.

there is a difference between exempted goods and not leviable gst. exempted goods are generally exempt from gst like paddy, rice, food grains etc. not leviable gst goods means not covered in gst act like petrol, liquor, tobacco products etc

not leviable here means goods outside the purview of GST like alcohol for human consumption, petrol crude oil etc.

for deatils please read article by CA Mithun Khatry at https://gstbible.com/blog/supply-now-then-with-reference-to-gst-in-india/

limit of com0osition

% of tax in composition 1% / 2% ??

A dealer trading in textiles which was tax free in vat regime having turnover more than 75 lakh during previous year i.e. 2016-17. Now he is applying for registration under GST, can he opt for composition as a new dealer ?
If yes then any liability on closing stock of textiles ?
Considering new registration whether condition of preceeding year turnover is applicable to such dealer ?
Please reply & clarify the issue

Originally posted by : Jayesh Doshi
	A dealer trading in textiles which was tax free in vat regime having turnover more than 75 lakh during previous year i.e. 2016-17. Now he is applying for registration under GST, can he opt for composition as a new dealer ?If yes then any liability on closing stock of textiles ?Considering new registration whether condition of preceeding year turnover is applicable to such dealer ?Please reply & clarify the issue

 

Originally posted by : Jayesh Doshi
	A dealer trading in textiles which was tax free in vat regime having turnover more than 75 lakh during previous year i.e. 2016-17. Now he is applying for registration under GST, can he opt for composition as a new dealer ?If yes then any liability on closing stock of textiles ?Considering new registration whether condition of preceeding year turnover is applicable to such dealer ?Please reply & clarify the issue

 

wether gst is payble by composite dealer if he deals in tax free goods.