Tax rate of Composite Dealer in GST
This query is : Open
G Vijaya Kumar
(Querist)
27 January 2017
hi sir my question is about in gst what is tax rate effected on Composite dealer and What form should be paid by the department (Form 156 on VAT law) is the Works contract is restricted in this gst law also (in VAT law cst purchase not allowed to works contract)
CA R SEETHARAMAN
(Expert)
28 January 2017
Composition scheme for up to 50 lacs turnover is allowed only for intrastate traders and manufacturers. The rate proposed is 1% for traders and 2.5% for manufacturers. No such works contract composite dealer envisaged in GST other than stated above.
G Vijaya Kumar
(Querist)
28 January 2017
thanks sir
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