4 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 08 July 2018
No , ... there is no ammendment in composit scheme
Vinod Babu
(24196 Points)
Replied 08 July 2018
Please specify what ammendment are you talking about??
GUNJAN KUMAR
(18 Points)
Replied 08 July 2018
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
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
Vinod Babu
(24196 Points)
Replied 08 July 2018
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
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
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