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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)
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.
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