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Composition rates

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404 Points Posted on 05 May 2020
What are the 3 effective rates of composition tax payer ? 1, 5 , 1 or 2 , 5 , 1.
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On 05 May 2020 at 15:50 Report
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student
600 Points Posted on 05 May 2020
1 5 1 as per rules
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On 05 May 2020 at 17:16
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Finance/Compliance Consultant
61401 Points Posted on 05 May 2020
Yes it is 1% for Manufacturers and Traders, 5% restaurants, and 1% for deemed composite supply
20 Reply
On 05 May 2020 at 17:46
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Student
23688 Points Posted on 05 May 2020
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.
97 Reply
On 05 May 2020 at 21:30


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