CA SANJEEV AGARWAL asked 3 years 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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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