Skip to content
Studycaller

CA Inter doubt

M/s Kapoor & Sons opted for the Composition Scheme from the beginning of FY 2025-26. The following details are available for the year: Turnover of taxable goods supplied= 80,00,000 Turnover of exempt

Asked by Shruti26 Mar 20261107 views

4 answers

  1. Shruti · 27 Mar 2026

    Thank you

  2. Abhinav · 27 Mar 2026

    Yes

  3. Abhinav · 27 Mar 2026

    Taxable goods = ₹80,00,000 Exempt goods = ₹20,00,000 Export = ₹10,00,000. Total Turnover =110,00,000 Turnover for tax = 80,00,000 + 20,00,000 = ₹1,00,00,000 Export excluded Calculate tax Rate = 1% Tax = 1% of 1,00,00,000 = ₹1,00,000 Split: CGST = ₹50,000 SGST = ₹50,000 Composition Tax Liability = ₹1,00,000

  4. Shruti · 27 Mar 2026

    So for ATO calculation Export included bt for tax calculation it's excluded

Answer or ask in the appGet a CA mentor

Free app · 5 lakh+ learners

Ask your doubt in the Studycaller app

Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.

Get it onGoogle PlayDownload on theApp Store