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All QuestionsCategory: GST ConsultancyComposition Supply
Profile photo of SANJEEV AGARWALCA SANJEEV AGARWAL asked 1 month ago

Composition Supply

A composition taxable person (trader) is supplying taxable as well as exempted goods. so while calculating turnover for payment of tax, will taxable turnover will also be included or not? Or tax will be paid only on taxable supply?

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Profile photo of Consultease AdministratorConsultease Administrator replied 4 weeks ago

A trader registered in the Composition Scheme under GST shall pay 1% (0.5% + 0.5%) of the turnover of taxable supplies of goods and services in the State or Union territory.
The tax rate is 6% for those who have opted for Specific Composition scheme for Services