Dated:- 23-7-2017 – Section 10 – Composition levy. THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 Yes, as per the provisions of section 10, tax at specified rate is payable on the turnover in State or turnover in Union territory As per the Section 2(11), the meaning of “turnover in State” or “turnover in Union territory” is as follows: (112) “turnover in State” or “turnover in Union territory” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis) and exempt supplies made within a State or Union territory by a taxable person, exports of goods or services or both and inter-State supplies of goods or services or both made from the State or Union ter
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ply in Section 2(47) of the CGST Act is as under: (47) exempt supply means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-taxable supply; A combined reading of the above provisions suggests that a person who is making supplies of exempted goods as well as taxable goods is not eligible to opt for composition scheme itself. If such is the case, the composition supplier will not be liable to pay composition rate tax on the exempted goods. However, the above interpretation would lead to a large number of small traders ineligible to opt for composition. It is the general practice that
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