composition scheme
vinay kumar (178 Points)
13 January 2018
If the manufacturer is under composition scheme. Should he pay 2% tax on all his supplies or only on TAXABLE SUPPLIES?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195064 Points)
Replied 13 January 2018
As per notification dated 01.01.2018, turnover in case of traders has been defined as ‘ Turnover of taxable supplies of goods’. Which is reduced to 1% now.
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