State with reasons whether the following suppliers are eligible to avail composition levy when their turnover in the preceding financial year does not exceed ₹1.5 crore: Kumar Traders who are engaged in trading of ice-cr
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2021
State with reasons whether the following suppliers are eligible to avail composition levy when their turnover in the preceding financial year does not exceed ₹1.5 crore: Kumar Traders who are engaged in trading of ice-creams in Karnataka and having registration in Karnataka.
Answer & Explanation:
Kumar Traders shall be eligible for composition as it is engaged in the intra-state trading of goods and it is not engaged in the manufacture of notified goods (ice-cream).
Topics: Central Goods and Services Tax Act, 2017 (CGST)
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