IndigoLearn

Forums

Composition scheme

should we include non taxable supplies for calculating aggregate turnover for opting composition scheme sir


SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

295

31-Mar-21 22:55

19

Answers (8)

Exempt supply includes non taxable supplies. Hence it is included in aggregate turnover.


Vibin B

Vibin B

CA Inter

2K+

01-Apr-21 11:47

Thank you sir


SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

295

01-Apr-21 12:07

Aggregate turnover for Composition supply eligibility includes exempt supply. And S. 2(47) states â??exempt supplyâ?? means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the IGST Act, and includes non-taxable supply;


sudha reddy

sudha reddy

Moderator

01-Apr-21 16:26

Thank you mam. Is supplier engaged in export eligible to opt for composition scheme mam


SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

295

01-Apr-21 19:18

Mam but I saw he is not permitted to do in ICAI study material I am so confused

Attachments

c2a9c92d-2b76-4e09-9074-a0bc94f4b7c7.jpg


SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

295

02-Apr-21 13:26

Mam but I saw he is not permitted to do in ICAI study material I am so confused

Supplier engaged in export cannot opt for composition scheme.


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Apr-21 14:51

Thank you sir


SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

295

02-Apr-21 16:07

IL Pass percentages
Quote
Tally Free
Hiring
Refer
EMI
Lazypay
Past_Exams