Gst calculation for composition dealers
This query is : Resolved
03 June 2019
Sir /Madam,
I am a trader registered under composition scheme of GST. I deal in sale of books, note books, writing materials, etc. As we know, printed books are zero rated and other above said items attract different rates of tax.
I need your suggestion with regard to calculation of my GST. Whether I need to pay GST @ 1% on turnover including sale of printed books or it is 1% of taxable sales only?
I shall be obliged for your kind response in this regard.
Thanks & Regards,
Purusottam Panda
I am a trader registered under composition scheme of GST. I deal in sale of books, note books, writing materials, etc. As we know, printed books are zero rated and other above said items attract different rates of tax.
I need your suggestion with regard to calculation of my GST. Whether I need to pay GST @ 1% on turnover including sale of printed books or it is 1% of taxable sales only?
I shall be obliged for your kind response in this regard.
Thanks & Regards,
Purusottam Panda
03 June 2019
As per Notification 1/2018 CT Dated 1/1/2018: the Composit dealer is not reguired to pay GST on exempted supply
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