Menu
Composition GST No
I have Gst no under Composition schem But at time of I done a gypsum work what is % should I charge
Replies (7)
Quick Summary
GST rate for gypsum work is 5%
But for composition schem what should be show %
Sorry you asking what you charge to customer or what you show in GST 3b
I charging to my customer
GST Tax Rate: 5%
Descripttion: Gypsum; anhydrite; plasters (consisting of calcined gypsum or calcium sulphate) whether or not coloured, with or without small quantities of accelerators or retarders.
When you charge to customer it is 5%
means cgst 2.5%
sgst 2.5%
or if IGST then directly 5%
means cgst 2.5%
sgst 2.5%
or if IGST then directly 5%
In term of Section 10(1)(c) , R/w Rule 7 of CGST Act , Any supply under Composition Scheme the rate of Tax is 1% for trader & the same cannot be collected from Customer, as it's on turnover.
Recent Topics :
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
Related Topics :
CAclubindia
