Tax rate

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Quick Summary
This discussion clarifies the applicable tax rate for a sweet shop. While traders can opt for a composition scheme at 1% subject to turnover thresholds, the standard tax rate for a sweet shop, distinct from a restaurant, is confirmed to be 5%.

26 February 2020 which tax rate applicable on sweet shop which is 1 % or 5%?

27 February 2020 It is 5%.The rate of tax is 5%.

27 February 2020 traders can opt for composition @ 1% subject to turnover threshold

27 February 2020 i am little bit confuse because it is a normal sweet shop not a restorent


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