Sweet sops
This query is : Open
10 September 2017
Sir , My Friend has a small sweet shop , he already reg Vat and 5 % of tax till June, known they are migrated in to GST,
if he is a regular Tax Payaer how much rate of tax to sell a sweets, his annual turnover is Rs. 1500000/- PA. whether he continues in regular or Composition, his Purchases bill will be App Rs.500000/- PA.
if he is a regular Tax Payaer how much rate of tax to sell a sweets, his annual turnover is Rs. 1500000/- PA. whether he continues in regular or Composition, his Purchases bill will be App Rs.500000/- PA.
11 September 2017
Tax rate is 12% better to opt for composition in your case.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- TDS on TRUST
- Reprocessing of rectification order AY 2025-26
- Regarding Applicability of Tax Audit u/s 44AB
- Putting a heading on received mail
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
