Regarding composite scheme
This query is : Open
Vipul Chokhani
(Querist)
12 June 2017
Dear sir
My turnover is less than 20 lakh and I purchase the goods from outside state and presently paying the vat of rs approx 138000. I want to know that, can I go for composite scheme, if yes then how much tax I haave to pay. My state is bihar
My turnover is less than 20 lakh and I purchase the goods from outside state and presently paying the vat of rs approx 138000. I want to know that, can I go for composite scheme, if yes then how much tax I haave to pay. My state is bihar
CA Rashmi Gandhi
(Expert)
13 June 2017
If ypir turnover is less than 2000000 then no need to get register under GST.
Instead you want to register then you can register under composition scheme.
Under composition rate is 0.5% excluding manufacturer.
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