What will be the tax rate on the manufacturer registered under composition scheme from Nov. 2017?
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 05 January 2018
manikanta cwa final
(Student CMA)
(32 Points)
Replied 05 January 2018
For Traders 0.5%cgst and 0.5%sgst = totalaly 1% on turnover
For Manufactures 1% cgst and 1%sgst = totally 2% on turnover
For Resturanters 2.5% cgst and 2.5%sgst = totally 5% on turnover
SSG
(1936 Points)
Replied 05 January 2018
for manufacturers rate will be 2% for sales in Nov. and Dec. 2017 or 1%?
CAclubindia
