A composition traders sales both exempted and taxable goods. Whether both exempted and taxable are liable for 1% or
only taxable goods are liable for 1% of sales?
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Composition traders
Replies (10)
Quick Summary
Only taxable goods
Kindly quote section or notification/carcular as the case may be
As per Notification No. 1/2018 - Central Tax,
What if a dealer is a manufacturer?
Manufacturers consider some exception to manufacturers which cannot avail CL, Other manufacturers shall pay tax on Turnover in state incl exempt and taxable supplies
Only for taxable value
Ajay sir 1 ℅ rate of tax applicable on taxable goods for traders otherwise manufacturers rate of tax is applicable on both
Thanks every for helping me
1% tax rate for taxable goofsy
For Traders 1 % of taxable Goods
for Manufacturers 1% of total Goods
for Manufacturers 1% of total Goods
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