Composiiton Dealers
This query is : Resolved
28 January 2020
Dear Experts
Composition Dealers are allowed to supply services at 10% of turnover 0r 5 lakhs whicever is lower. Please explain what will be the rate of tax for supply of trading goods and the the services.
Is it 1% for goods and 6% for services
Composition Dealers are allowed to supply services at 10% of turnover 0r 5 lakhs whicever is lower. Please explain what will be the rate of tax for supply of trading goods and the the services.
Is it 1% for goods and 6% for services
28 January 2020
6% rate is a separate composition rate for service providers. for normal composition tax payer rate is 1% for services as well.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
