Question 1 – I am a manufacturer/restaurant business and paying Tax under composition scheme? Which turnover should I consider Aggregate turnover or taxable turnover
Answer – Aggregate turnover including exempt supplies
Question 2 – I am a retailer, others and paying Tax under composition scheme? Which turnover should I consider Aggregate turnover or taxable turnover
Answer – Taxable turnover
(By CA Nihalchand Jain)- Refer his video in relation to same. https://youtu.be/OOLUeLJtu2Y