TMI Blogcomposition scheme tax implicationX X X X Extracts X X X X X X X X Extracts X X X X ..... sir my turnover consists of Nil Rates supply ₹ 100000/( Seeds)- and Taxable goods supply ₹ 100000/( fertilizer)- . I am under composition scheme. Under composition scheme on which i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... have to pay tax @1% either 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 computa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion of ₹ 75 lakhs definition of 'aggregate turnover' has to be followed. - Reply By Himansu Sekhar - The Reply = Only on taxable supply - Reply By Ganeshan Kalyani - The Reply = Si ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, the threshold limit for composition scheme of taxation is 75lacs. The rate of tax is 1% on taxable turnover. - composition scheme tax implication - Query Started By: - mithun saha Dated:- 13-9-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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