I am dealing in sale of exmeted goods and having registratration under composition scheme. Am I liable to pay tax @ 1%, as I am not registered under regular scheme ??
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Quick Summary
This discussion clarifies tax liability for dealers registered under the composition scheme who sell exempt goods. It confirms that even when dealing with exempt goods, if you are registered under the composition scheme, you are generally liable to pay tax at the specified rate (e.g., 1%), unless specific exemptions apply. The key distinction is between goods and services, which can affect tax treatment.