Composite scheme



if i sale 40 lakh in annual year.
how much per cent tax is appplicable

Total likes : 1 times

 
Reply   
 
banswara

If you are manufacturer(other than of ice cream, pan masala,tobacco) then 2% & in other cases it is 1%

Total likes : 2 times

 
Reply   
 
Assistant Manager

In addition to above if you are running restaurant then Rate will be 5%.

 
Reply   
 
accountant

rate has been changed in meeting of 11.6.2017
for traders 0.5%
for manufactor 1%
for restaurant owner 2.5%
 
Reply   
 
B.Com

what rate applicable for photocopy/
 
Reply   
 
B.Com

what rate applicable fr photocopy business under composite scheme
 
Reply   
 
accountant

photo copy is a service, composition is not alowed
 
Reply   
 
B.Com

boss..my material cost for making copies is 60 percent..I make a new product fr them n hence I think it can qualify...plus it's a small bissiness
 
Reply   
 
B.Com

some have guided me that as my material cost is nearly 50 percent I can qualify as manufacturer
 
Reply   
 
Assistant Manager

@ rockey these rates are of cgst and sgst will also be applicable with same rate hence rate will be doubled.

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU