which rate to be levied
This query is : Resolved
RASHID HUSSAIN
(Querist)
04 July 2009
1. under the composition scheme if 45% items of 4% and 55% items are 12.5% then which rate to be applied.
2.under the composition scheme if 55% items of 4% and 45% items are 12.5% then which rate to be applied.
2.under the composition scheme if 55% items of 4% and 45% items are 12.5% then which rate to be applied.
CA. B.SRINIVASULU
(Expert)
04 July 2009
If you choose composition scheme apply the rate as per composite tax. You need not worry about the break of items used and their respective rates.
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