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About taxation

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(Querist)
06 September 2017 If we have stock on 30.06.2017 on which 5% VAT paid which is under 18% slab under GST
which is sold in july by a composition dealer that tax levied 1% or more ???
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Guest (Expert)
06 September 2017 If composition scheme is obtained then such dealer has to pay tax @1% at the end of quarter.

For more details on Composition scheme you may see this video

https://youtu.be/R_zW-zh5oYI
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