GST composition scheme.

148 views 1 replies
manufacturer is supplying intrastate....
taxable goods turnover 40Lakh
Nil rated goods 20Lakh

what is his tax liability?
whether 2% computed on 60 lakh
or
2% on 40 lakh since 20lakh is exempt?
Replies (1)
On 60 lacs.....but the rate is 1%

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