banner_ad

Turnover as per composite scheme of gst

Others 451 views 10 replies

Dear Sir,

 

Please let me know whether we need to consider exempted goods sales while calculating turnover as per composite scheme of GST.

 

Regards,

S.Jyothi.

Replies (10)
previous year turnover limit was 65 lakhs, should I register in composition scheme...?

Yes...... emphasis is on aggregate turnover

@ chintan: yes you are eligible based on previous year turnover

YES.............

yes aggregate turnover includes exempted goods also
But there is a condition in composition rule that dealer should not engaged in the supply of goods not leviable to tax , so my answer is differ and I will say he cannot go for composition scheme
Agree with Sourabh Soni. Turnover cannot include exempted goods in case of a person opting for composition scheme.
YES
You need to consider exempted goods sales while calculating turnover as per composite scheme of GST

Conditions and restrictions for composition levy
The person exercising the option to pay tax under section 10 shall comply with the following conditions:
(a) he is neither a casual taxable person nor a non-resident taxable person;
(b) the goods held in stock by him on the appointed day have not been purchased in the course of inter-State trade or commerce or imported from a place outside India or received from his branch situated outside the State or from his agent or principal outside the State, where the option is exercised under sub-rule (1) of rule 1;
(c) the goods held in stock by him have not been purchased from an unregistered person and where purchased, he pays the tax under sub-section (4) of section 9;
(d) he shall pay tax under sub-section (3) or sub-section (4) of section 9 on inward supply of goods or services or both received from un-registered persons;
(e) he was not engaged in the manufacture of goods as notified under clause (e) of sub-section (2) of section 10, during the preceding financial year;
(f) he shall mention the words “composition taxable person, not eligible to collect tax on supplies” at the top of the bill of supply issued by him; and
(g) he shall mention the words “composition taxable person” on every notice or signboard displayed at a prominent place at his principal place of business and at every additional place or places of business.

I m selling taxable goods and exempted good and I m composition dealer then as manufacturer on which deal I have to pay tax. (On taxable sale or on exempted sale or on both)

your goods are already exempted why should you need to go to composition scheme because there is no gst


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details