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Gst coposition

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student
71 Points Posted on 19 July 2017
If a composition dealer purchase goods from normal dealer then he pays tax on goods let suppost 18% and when he sell goods then he also pay tax @ 1% on sales. is it correct
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On 19 July 2017 at 08:49 Report
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SEO Sai Gr. Hosp.
211582 Points Posted on 19 July 2017

Correct........

581 Reply
On 19 July 2017 at 08:53
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student
71 Points Posted on 19 July 2017

is it not double taxtion?

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On 19 July 2017 at 10:22
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184 Points Posted on 19 July 2017
As a composition dealer you are not allowed to take input tax credit and also not able to collect tax from customer .You have to pay from our own some percentage of supply. So before applying for composition scheme must consider all this facts too.
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On 19 July 2017 at 11:41


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