Whether Exempted goofs liable for GST under Composition scheme with taxable goods
Suppose total turnover is Rs.45 lakh and Exempted Sales Rs.20 lakh and Taxable Sales Rs.25 lakh..
whether the Exempted goods liable for GST @ 1% in addition to Taxable Goods.. or only Taxable goods liable for GST...
THANKS..
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Whether Exempted goods liable for GST under Composition scheme with Taxable Goods
Replies (2)
If we go as per GST law Provision it is very much clear that composition dealer has to pay tax 1% on the turnover
Under GST turnover include both taxable & exempted turnover, hence as per law composition dealer has to pay tax on total turnover of Rs45 lakh in your case.
Note: This issue is concern of most of person because in this case no one will choose composition scheme, so lets wait whether there will be any clarification from the department
is it clear or not yet???
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