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Composition rates
What are the 3 effective rates of composition tax payer ? 1, 5 , 1 or 2 , 5 , 1.
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Quick Summary
1 5 1 as per rules
Yes it is 1% for Manufacturers and Traders, 5% restaurants, and 1% for deemed composite supply
1% ( 0.5% CGST + 0.5% SGST ) for the MANUFACTURER.
1% ( 0.5% CGST + 0.5% SGST ) for the TRADERS on their "Taxable Turnover".
5% ( 2.5% CGST + 2.5% SGST ) for the RESTAURANT Service Providers.
6% ( 3% CGST + 3% SGST ) for the SUPPLIER of SERVICES, having Aggregate Turnover of up to Rs. 50 lakhs.
1% ( 0.5% CGST + 0.5% SGST ) for the TRADERS on their "Taxable Turnover".
5% ( 2.5% CGST + 2.5% SGST ) for the RESTAURANT Service Providers.
6% ( 3% CGST + 3% SGST ) for the SUPPLIER of SERVICES, having Aggregate Turnover of up to Rs. 50 lakhs.
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