Composition Dealer
This query is : Resolved
20 April 2020
one registered person is engaged in the business of making roofs gates and other agriculture equipment's by using steel, Can he pay tax as composition dealer ?? if yes at what rate ?
21 April 2020
rates for manufacturer and traders are 1% i.e. 0.5% cgst and 0.5% sgst on the turnover. threshold limit should be taken into consideration and one must comply with all the rules and regulations related to GST LAW.
21 April 2020
Means He can pay tax as composition dealer? New business hence no turnover criteria
21 April 2020
GST registration is mandatory if the aggregate turnover crosses the threshold limit of Rs. 40 Lacs from sale of goods in normal category states.
After the person becomes liable to register then he can take the registration either as regular dealer or as composition dealer.
You can register your manufacturing business under the composition scheme and can pay tax under the scheme till the turnover do not cross the maximum limit allowable under Composition scheme i.e., Rs. 1.5 cr.
After the person becomes liable to register then he can take the registration either as regular dealer or as composition dealer.
You can register your manufacturing business under the composition scheme and can pay tax under the scheme till the turnover do not cross the maximum limit allowable under Composition scheme i.e., Rs. 1.5 cr.
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