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COMPOSITION RATE ABOUT SOFTDRINKS
we are traders of cold drinks so how many percent of the GST rate will be payable in composition registration?
Replies (5)
Quick Summary
The composition levy rates under GST are as follows:
1% of the turnover for traders and other suppliers eligible for composition scheme registration
2% of the turnover for manufacturers apart from manufacturers of products not eligible for GST composition scheme
5% of the turnover for restaurant services
6% of the turnover for businesses providing services/mixed services (other than restaurant services). This is applicable from 1st April 2019 onwards.
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1% of the turnover for traders and other suppliers eligible for composition scheme registration
2% of the turnover for manufacturers apart from manufacturers of products not eligible for GST composition scheme
5% of the turnover for restaurant services
6% of the turnover for businesses providing services/mixed services (other than restaurant services). This is applicable from 1st April 2019 onwards.
Please check Your category...
Dear sir, I suppose that Composition rate 1 % of the turnover for manufacturers, not 2%.
| Originally posted by : Tapas Samadder | ||
 |
Dear sir, I suppose that Composition rate 1 % of the turnover for manufacturers, not 2%. |  |
Are You mfg or Trader?
See my above reply with Your stands of MFG / Trader
I am mfg , I pay 1 % tax ? and who pay 2% on turnover?
Not possible.
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