Dealer (trader) dealing both Taxable & Exempted goods.Whether 1% tax to be paid on both Taxable & Exempted turnover?
Regards
K.Madhusudhanan
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Replies (5)
yes....1% of aggregate turnover....and aggregate turnover also includes exempted turnover.
Thanks for reply
So dealer sales includes total turnover.Say eg: Total Taxable turnover 25 lakhs & Exempted turnover 40 lakhs.Dealer has to pay 1% on 65 lakhs.Is my understanding is correct ?
yes...you r right.
Thanks lot for prompt response
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