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Computation of CGST & SGST for composition dealer under GST

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26 June 2017 Can you help me in the following computation Suppose I am a Composite dealer under GST I am an manufacturer My Aggregate turnover was 40,00,000 Computation 1 CGST 40,00,000*1%=40,000 SGST 40,00,000*1%=40,000 Total Tax(2%)=80,000 Computation 2 40,00,000*1%=40,000 Total Tax =40,000 SGST(50%)=20,000 CGST(50%)=20,000 Above two options which one is right . If both are wrong. Then please suggest the right computation With respect to composition scheme under GST
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CA KANJ GOEL

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CA KANJ GOEL (Expert)
26 June 2017 First opinion is correct 1% rate is the rate for state GST and you have to pay 1% for the CGST as well. Hence, cumulative rate for manufacture is 2% (1% CGST+1% SGST).


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CA Kanj Goel
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