last tym i think the total turnover is Rs75 lakh nd rates are for mfg 1-1% traders .5-.5% nd for service 2.5-2.5 % i m talking about this rates nd turnover in gst
composition scheme is the rate structure. For manufacturer the rate is reduced. For Manufacturer = 0.50%(CGST) + 0.50(SGST) = 1% of turnover of State/ Union Territory
For supplier supplying food other than alcoholic liquor for human consumption =
2.5% (CGST)+ 2.5% (SGST) = 5% of turnover of State/ Union Territory
For other supplier = 0.50% (CGST) + 0.50% (SGST) = 1% of taxable turnover of State/ Union Territory
Leave a Reply
Your are not logged in . Please login to post replies