Exempted Turnover Shown In Composite Return

watch_later 1 month ago

Dealer composite scheme registered sales of medicines turnover every quarter composite return cmp-08 filed.person another income from clinic rs:15 lacs per year.


Dealer exempted turnover rs:15 lacs shown in composite return cmp-08  compulsory.

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1 Answer

Bhaavesh Gupta watch_later 4 weeks ago

Yes as per Section 10 of the CGST Act a person in his aggregate tuenover has also include his exempted turnover. If the compisite dealer is a trader he need not pay tax on such exmpted turnover, but if he a manufacturer then he should pay tax even on exempted turnover

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    for futher details write to us on gstpractitioner53@gmail.com - Bhaavesh Gupta
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