composition scheme under gst

The total composition rate of tax for manufacturers under composition scheme is:

ABC Ltd., a manufacturer has got itself registered in Delhi on 1.2.2018 in composition scheme. It makes a supply to XYZ Ltd., a registered entity in Delhi. It is confused in respect to what is the GST rate applicable on it under CGST?

To be eligible for registration under Composition scheme it is required that the aggregate turnover of a registered tax-payer should not exceed ——–in the preceding financial year. (The limit is ——— for Special Category States (other than State of J&K & Uttrakhand)

Mr. Fardeen Khan, is the owner of a proprietorship firm (located in the State of Jammu and Kashmir), which is engaged in trading of ice-cream (not containing cocoa) and supplies the same locally within the same State itself. The turnover details of his firm are as under:

i.For the period April, 2016 to March, 2017: Rs. 80,00,000/-
ii. For the period April, 2017 to June, 2017: Rs.25,00,000/-
iii. For the period July, 2017 to March, 2018:Rs.75,00,000/-
He wants to opt for Composition Scheme. State the composition turnover limit for the State of Jammu and Kashmir and whether he is eligible to opt for Composition Scheme or not.

Mr. X, a registered supplier of Meghalaya wants to opt
for composition levy. The turnover limit for composition levy is-

According to Section 2 (6) of the CGST Act, 2017 “aggregate turnover” will include ———–

Which of the following will be excluded from the computation of turnover?

In computation of aggregate turnover for composition levy, which of the following item should be excluded from the aggregate turnover?

Rama Ltd. has provided following information for the month of September:
(I) Intra-State outward supply ` 8,00,000/-
(ii) Inter-State exempt outward supply` 5,00,000/-
(iii) Turnover of exported goods ` 10,00,000/-
(iv) Payment made for availing GTA services ` 80,000/-
Calculate the aggregate turnover of Rama Ltd.

ABC Pvt. Ltd. is having place of business in 3 states namely Haryana, Punjab & Rajasthan each having turnover of Rs. 20 lacs, 60 lacs, 80 lacs respectively. Which State is eligible to opt for
composition scheme?

As per the CGST Act, 2017, “exempt supply” means supply of any goods or services
(i) Which attracts nil rate of tax
(ii) Which may be wholly exempt from tax u/Sec 11 or
u/Sec 6 of the IGST Act
(iii) Which is non-taxable supply Select the correct
answer from the options given below :

ABC Ltd., a trader has got itself registered in Delhi on 1.2.2018 in composition scheme. In the month of Aug’18, it make supply of taxable goods worth Rs. 3 lacs and exempted goods worth Rs. 1 lac. On what value it shall pay the GST to the Government?

A person who has opted for composition levy is required to file quarterly return in Form GSTR-4 on or before:

Mr. Bala has made supply (within State) of a taxable goods which is of Rs. 17 lakh, export supplies of Rs. 3 lakh and intra-state supply of exempt services of Rs. 4 lakh. His aggregate turnover as per section 2(6) of the CGST / SGST Act, 2017 is :

ABC Pvt. Ltd., a registered entity in Delhi in composition scheme has received order from 4 states as specified below of Rs. 5 lacs, 6 lacs, 7 lacs & 2 lacs respectively. Being a composition dealer,
which order can he accept?

Mr. A, a composition dealer who trades in garments has received an order from China of Rs 5 lacs. Can accept this order?

Mr. Kanjoos located in Delhi wants to opt for composition scheme for financial year 2018-19. He is engaged in trading of branded flour which is taxable @ 5% and unbranded flour which is taxable
at 0%. Turnover of branded flour in FY 2017-18: Rs. 70,00,000 Turnover of unbranded flour in FY 2017-18: Rs. 20,00,000 He was also providing service in the previous year by way of renting of a residential unit for which he is charging Rs. 1,00,000 per
month as rent. Calculate his aggregate turnover to determine his eligibility to opt for composition scheme?

Which of the following manufacturer cannot opt for composition levy?

Which of the following persons can opt for the composition scheme?
1) Registered person whose aggregate turnover in the preceding financial year did not exceed Rs. 75
lakh.
2) Registered person whose aggregate turnover in the preceding financial year did not exceed Rs. 1 crore.
3) A person engaged in business of Pan Masala, Tobacco and manufactured tobacco substitutes
4) A person engaged in the business of Ice Cream, other edible ice, whether or not containing Cocoa.
5) A person engaged exclusively in the providing restaurant service.
6) A person engaged exclusively in supply of medicines.
Which of the above are correct:-

Which of the following statements is not correct for a tax payer who has opted for composition scheme?

Which of the following person cannot opt for composition scheme?

In which of the following condition the person cannot pay tax under composition scheme?

Which of the following persons is not eligible for composition scheme even though their aggregate turnover does not exceed Rs. 1 crore in preceding FY, Utterpradesh ?

Whether a restaurant serving alcohol along with other foods etc. to its customers can opt for composition scheme under Section 10?

Can a person paying tax under composition scheme make supplies of goods to SEZ located in same State?

ABC Pvt. Ltd., a Mumbai based manufacturer of the pan masala, has started manufacturing biscuits within same PAN. His threshold of Rs. 20 lacs is crossed but is expected to be below Rs. 80 lacs in the current financial year. Can he opt for composition scheme?

Mr. A is a manufacturer of ice cream. If all other conditions satisfies, the total effective composition tax rate will be:

ABC Ltd., a person registered in composition scheme, operating in 4 different states has filed the withdrawal intimation in one State. Will this intimation be applicable to all places of business?

Can a registered person opt for composition scheme only for one out of his 3 business verticals having same Permanent Account Number?

Calculate the tax to be paid by Mr. A, a composition dealer who is involved in trading of garments. Details of his business is as below: Purchases = Rs. 30,000 (including GST of 4,500)
Cost of products sold = Rs. 7,00,000 Invoice value = Rs.9,00,000