Turnover to be considered while paying tax under Composition Scheme

taxgrid Turnover to be considered while paying tax under Composition Scheme2018-04-18T12:43:40+05:30 aggregrate turnover, composition scheme, gstr4, restaurant business, Tax under composition scheme, and taxable turnover

Tagged: aggregrate turnover, composition scheme, gstr4, restaurant business, Tax under composition scheme, taxable turnover

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- April 18, 2018 at 12:43 pm #2463 Reply
  
  taxgrid
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  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
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