TMI BlogWhether a person who is opting for Composition u/s 10 of the GST, is required to pay GST at composite rate on Exempted Goods also?X X X X Extracts X X X X X X X X Extracts X X X X ..... rate is payable on "the turnover in State or turnover in Union territory" As per the Section 2(11 ), the meaning of “turnover in State” or “turnover in Union territory” is as follows: "(112) “turnover in State” or “turnover in Union territory” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upply of goods which are not leviable to tax under this Act ; Does the expression which are not leviable to tax under this Act cover exempted goods or not? The definition of exempt supply in Section 2(47) of the CGST Act is as under: (47) exempt supply means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ender Gupta - The Reply = The supplies which are taxable under GST does not become non-taxable supplies merely because there is some exemption notification u/s 11. For the purpose and meaning of Exempted supplies legislature may have included the non taxable supplies , but a careful reading of Section 10(2)(b) shows that it is not indicating towards exempted supplies, but it prohibits a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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