Hello Sir,
I just got to know that under the composition scheme, from 1st Jan'2018 1% tax have to be paid (dealer and manufacturer) only on taxable good.
For Example;- In kirana store, packed(Colgate,Tea, Biscuit, Oil) as well as non packed goods are sold (Rice, wheat, cereals) , as packed goods attract to gst whereas non packed goods doesnot attract the gst.So, as per the provision non packed item doesnot covered under the taxable turnover and No need to pay gst on same.
Kindly please tell me i am thinking on right way or not.
CAclubindia
