composition scheme tax implication

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..... composition scheme tax implication
Query (Issue) Started By: - mithun saha Dated:- 13-9-2017 Last Reply Date:- 13-9-2017 Goods and Services Tax - GST
Got 3 Replies
GST
sir my turnover co .....

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..... nsists of Nil Rates supply ₹ 100000/( Seeds)- and Taxable goods supply ₹ 100000/( fertilizer)- . I am under composition scheme. Under composition scheme on which i have to pay tax @1% eith .....

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..... er on total ₹ 200000/- or on taxable goods supply Rs.100000/- please advise Reply By KASTURI SETHI: The Reply: 1 % on taxable supplies only. However, for computation of ₹ 75 lakhs defin .....

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..... ition of 'aggregate turnover' has to be followed. Reply By Himansu Sekhar: The Reply: Only on taxable supply Reply By Ganeshan Kalyani: The Reply: Sir, the threshold limit for composition .....

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..... scheme of taxation is 75lacs. The rate of tax is 1% on taxable turnover.
Discussion Forum - Knowledge Sharing .....

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