Gst query

This query is : Open

Kollipara Sundaraiah (Querist)
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01 November 2019 A person gst composite sceheme registered trading of jewellery business.
1.Sales turnover april to september,19 Rs. 30 lacs 1% composite tax Rs.30000/_ paid
2.income from labour charges ( majuries and repairs works) Rs. 1 (one) lacs.upto september,19
Doubt for income from labour charges which rate of tax applicable .

CA PARTH SHAH

CA PARTH SHAH (Expert)
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01 November 2019 Composition dealer can supply service upto 10% of the Turnover or Rs 5 lakhs whichever is higher. Since in your case turnover of service is less than 10% of the Turnover, you can pay 1% tax on the labour charges.

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