Composition rate
This query is : Resolved
yogesh mahajan
(Querist)
17 January 2018
Dear Expert,
I have opted composition scheme and effective date of my registration of composition dealers is 1st Oct-17 before changes of composition tax rate for manufacturer i have received advance RS.25000/- & also i have make bill Rs.25000/- so please tell me which rate i have compute my gst liability on turnover of before changes of tax rate for composition scheme.
Also please tell me effective date & notification for rate changes of under composition scheme.
Thanks & Regards
Yogesh Mahajan
I have opted composition scheme and effective date of my registration of composition dealers is 1st Oct-17 before changes of composition tax rate for manufacturer i have received advance RS.25000/- & also i have make bill Rs.25000/- so please tell me which rate i have compute my gst liability on turnover of before changes of tax rate for composition scheme.
Also please tell me effective date & notification for rate changes of under composition scheme.
Thanks & Regards
Yogesh Mahajan
CA R SEETHARAMAN
(Expert)
17 January 2018
Consider 2% GST.
The effective date of the rate changes is from 1st day of January 2018 vide Notification 1/2018.
The effective date of the rate changes is from 1st day of January 2018 vide Notification 1/2018.
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