Cmp - 08 trader / manufacturer clarification

Subramanya (Tax Consultant) (523 Points)

02 August 2019  

Dear All,

 

In CMP - 08, as per my understanding in Outward supplies 

   A Trader has to pay tax on Taxable supplies 

   A Manufacturer has to pay tax on Taxable supplies + exempt supplies 

is my understanding is correct ?

Kindly clarify

 

With regards,

Subramanya