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Composition scheme

Indirect Taxation

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


SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

1K+

31-Mar-21 22:55

261

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


Thread Starter

SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

1K+

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

CA Final

20K+

01-Apr-21 16:26

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


Thread Starter

SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

1K+

01-Apr-21 19:18

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

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Thread Starter

SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

1K+

02-Apr-21 13:26

Thread Starter

SREEABITHA SENTHILKUMAR

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.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

02-Apr-21 14:51

Thank you sir


Thread Starter

SREEABITHA SENTHILKUMAR

SREEABITHA SENTHILKUMAR

CA Inter

1K+

02-Apr-21 16:07

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