Sun Trading Company, an eligible registered dealer in goods making intra-State supplies within the State of Rajasthan has reported an aggregate turnover of ₹ 75 lakh in the preceding financial year : Will your answer be
CS Executive · Tax Laws · PYQS · December 2018
Sun Trading Company, an eligible registered dealer in goods making intra-State supplies within the State of Rajasthan has reported an aggregate turnover of ₹ 75 lakh in the preceding financial year : Will your answer be different, if Sun Trading Company is making intra-State supply within the State of Jammu and Kashmir ?
Answer & Explanation:
Since the turnover limit for determining the eligibility for composition scheme in the State of Jammu and Kashmir is also ₹1 crore, Sun Trading Company will be eligible for composition levy with other condition of not making inter-state supplies of goods being fulfilled in this case also.
Topics: GST Law
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