composition limit is RS. 75 lakhs but still showing 50 lakhs only
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Composition limit
Replies (8)
It's 75 lacs
what is the tax rate in composite scheme for medicine retailer
what is the tax rate in composite scheme for medicine retailer
what is the tax rate in composite scheme for hardware business
limit is 75 lack,
only in state supply to consumer
will not generate any tax invoice to reseller
only in state supply to consumer
will not generate any tax invoice to reseller
for traders
compousition rate is half % of cgst and half% of sgst
for manufacturer
1% of cgst, 1% of sgst
for restorent
2.5% cgst, 2.5% sgst
compousition rate is half % of cgst and half% of sgst
for manufacturer
1% of cgst, 1% of sgst
for restorent
2.5% cgst, 2.5% sgst
| Originally posted by : ADARSH RAJ | ||
 |
what is the tax rate in composite scheme for medicine retailer |  |
For Trader/Retailer who has opted for Composition Scheme shall pay quarterly @ 1% only.
1% shall be the value of Turnover for that quarter/period.
CA Mahendra Verma
Mob - 9727272176
Email - ca.mkverma @ gmail.com
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