banner_ad

Composite scheme enq

Others 234 views 5 replies
In composite scheme 1%tax should be paid by retailer.
1)On mrp basis .
2)IF AN ITEM HAVE MRP 150.00 BUT IN RETAIL I BUY IN 25.00 RUPEES AND SELL THE ITEM ON 60.00RUPEES THEN I PAY THE TAX ON 150.00 MRP OR 60.00RUPEES WHICH I SELL THE ITEM.
Replies (5)
have to pay 1 % on sale value not on MRP
thus in the said case on Rs. 60/-
Now the concept of MRP , is not relevant - you pay CGST 0.5 CGST and 0.5 SGST - total 1 GST on your transaction value . - selling price - if anybody subsequently sells at Rs 150 , then they pay
You can't collect 1 on the invoice
How can i process for DSC ??? IT is online or offline ??? please reply


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details