watch_later 17/04/18

Do nil rated goods includes in turnover for composition dealer 

1 Response | Latest response: 17/04/18 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 17/04/18

Turnover means value of total outward supply.

It includes all outward supplies whether taxable, exempted, nil rated or zero rated.

So, to your question yes composition turnover includes even nil rated outward supplies.

JOIN LARGEST DISCUSSION PLATFORM

Sign up to discuss taxation, accounting and finance topics with experts from all over India.

Join Discussion