client used to purchase the plastic bottle from Daman And sales it to local market...
Do , i need to take registeration under composition dealer or normal Tax payer
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Composition query
Replies (2)
If your turnover is less than 75 lacs then you can register under composition scheme and avail the benefits of the composition scheme.
Confusion about GST Composition Scheme.
1: My Total Turnover ₹35 Lacs.
Soap, Spices, Biscuits etc ₹20 Lacs.
Atta, Salt, Loose rice etc (exempt items) ₹15 Lacs.
So what is tax liability in Compound. @ 1% 35000 or 2000
___________________
2: on 30 June i have Soap, Spices, Biscuits etc Stock of ₹150000.
Atta, Salt, Loose rice etc (exempt items) ₹50000
There is no ITC Balance So am i liable? to pay tax according closing Stock on 30 June.
1: My Total Turnover ₹35 Lacs.
Soap, Spices, Biscuits etc ₹20 Lacs.
Atta, Salt, Loose rice etc (exempt items) ₹15 Lacs.
So what is tax liability in Compound. @ 1% 35000 or 2000
___________________
2: on 30 June i have Soap, Spices, Biscuits etc Stock of ₹150000.
Atta, Salt, Loose rice etc (exempt items) ₹50000
There is no ITC Balance So am i liable? to pay tax according closing Stock on 30 June.
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