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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 goods supplied= 20,00,000 Turnover of goods exported= 10,00,000 The composition tax rate applicable is 1% (0.5% CGST + 0.5% SGST). Compute the composition tax liability for FY 2025-26. I have a doubt regarding it. Like for ATO calculation ATO= Taxable supply+exempt supply+export+ inter state supply But for tax calculation do we consider all these 4??
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Hey koi btayega ki gst mai exemptions aur registration direct revision lec se kr skte hai maine inhe abhi tk nhi kia
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Can someone send me AMIT MAHAJAN SIR'S QUESTION BANK for direct tax (applicable for may 26)
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Answers: 8
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Views: 1171
Answers: 2