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Composition tax rate

Rate / HSN codes 294 views 4 replies

I need clarification on second point who are those comming under this 2.5% of compsition scheme

(i) one per cent. of the turnover in State in case of a manufacturer,

(ii) two and a half per cent. of the turnover in State in case of persons engaged in making supplies referred to in clause (b) of paragraph 6 of Schedule II of the said Act, and

(iii) half per cent. of the turnover in State in case of other suppliers:

These are the wordings in the Notification No. 8/2017-Central Tax dated 27/06/2017

 

Replies (4)

These refer to supply by way of food or any other article for human consumption or any drink.....in short it covers restaurants.

Thank you

We have to collect both CGST & SGST?

For others 0.5% CGST + 0.5% SGCT total 1% or only 0.5% ?

Composite dealer cannot charge tax from customers.

sorry the taxes to be paid

For others 0.5% CGST + 0.5% SGCT total 1% or only 0.5% ?
 


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