GST composition scheme

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B.Com
29 Points Posted on 10 February 2021

GST composition scheme ,

is composition tax payer have to include nil rated supply in their total turnover to pay tax 

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On 10 February 2021 at 12:07 Report
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This discussion clarifies whether nil-rated supplies must be included when calculating total turnover for the GST composition scheme. The consensus is that exempt supplies, including those with a nil tax rate, do count towards the aggregate turnover threshold. Therefore, these must be factored in to determine eligibility for the composition scheme.

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CA Student
15932 Points Posted on 10 February 2021

Yes.

Exempt supply is defined u/s 2(47) of CGST Act and it includes supply which attracts nil rate of tax.

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On 10 February 2021 at 13:22
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Practising chartered accountant
496 Points Posted on 10 February 2021

Dear Mr. Joshi,

 

You need to include Nil/ exempted supplies also in aggregate turnover (threshold limit) to see the availability of Composition Scheme.

 

 

 

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On 10 February 2021 at 17:30

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