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?
vinay kumar (178 Points)
13 January 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 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.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
