Gst tax for composite dealer
This query is : Resolved
20 May 2021
A gst registered composite scheme dealer trading for two types of business activities
1.supply taxable service
2.exempted goods trading
Question:
Dealer composite tax applicable supply taxable service only or both turnovers(taxable supply service+exempt goods selling) tax pay in gst act.
1.supply taxable service
2.exempted goods trading
Question:
Dealer composite tax applicable supply taxable service only or both turnovers(taxable supply service+exempt goods selling) tax pay in gst act.
20 May 2021
Tax of 1% (in case of manufacturer) and 5% (in case of restaurant) is payable even on exempted goods also Here the tax is payable on ‘turnover in a State or Union Territory’. Thus, tax is payable even on goods which are otherwise exempt from GST.
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