Effect gst reduction 28% to 18% for composition dealer
This query is : Open
13 November 2017
Sir
How would a composition dealer give benefit of reduced gst 28 to 18% on his closing stock of 14th nov to his customers
How would a composition dealer give benefit of reduced gst 28 to 18% on his closing stock of 14th nov to his customers
13 November 2017
Dear Mr.Saxena,
As Composite Dealer will pay taxes on Turnover from dealers own pocket but not collecting from Customers.
So you are not required to take any effect of changes in rates now & in future as taxes will not be collected from Customers.
Regards
B Vinay Reddy
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13 November 2017
But in this case a composition dealer won't be able to sell his 28% purchase stock at a cheaper rate and his item will be costly compared to regular dealer
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