compounding or exempted dealer or as regular dealer in certain cases

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46 Points Posted on 25 July 2017
Right now I am under and opt for composition scheme with a turnover of Rs 11 lacs. if my turnover let's say in next year decreases with Rs 9 lacs what will be consequences of it. will I have to pay tax @ 1% or to pay tax as per regular dealer or any other case
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On 25 July 2017 at 23:02 Report
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19 Points Posted on 25 July 2017
in that case you have the choice of opting regular or composition dealer

regards
mohit
9711109830
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On 25 July 2017 at 23:16
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"Do the Right Thing...!!!"
128162 Points Posted on 25 July 2017
Yes. you can pay the same % of the tax if under composition scheme...
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On 25 July 2017 at 23:22

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