Gst rate composition

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177 Points Posted on 06 April 2020
gst rate? for composition service provider ?
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On 06 April 2020 at 16:04 Report
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This discussion clarifies the Goods and Services Tax (GST) rates applicable to service providers opting for the composition scheme. For those providing exclusive services with an annual turnover up to Rs. 50 lakh, the standard rate is 6% (3% CGST and 3% SGST). However, specific scenarios might involve rates of 1% or 2%, and under notification 2/2019, a 6% rate is also mentioned.

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11 Points Posted on 06 April 2020
1 % of total sale
some case in 2 %
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On 06 April 2020 at 16:13
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227 Points Posted on 06 April 2020
Gst rate in IGST @ 1% and CGST & SGST respectively 0.5% , in case your are under opt scheme under notification 2/2019 than tax rate is 6%
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On 06 April 2020 at 17:27
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Consultant
1891 Points Posted on 06 April 2020

The composition scheme for service providers gives an option to taxpayers rendering services having aggregate annual turnover up to Rs. 50 lakh. 

Service providers opting for the composition scheme can charge a lower tax rate of 6%

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On 06 April 2020 at 17:28
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Student
23693 Points Posted on 06 April 2020
GST Rate for Composition Scheme dealers engaged in providing EXCLUSIVE SUPPLY OF SERVICES is 6%.

CGST @ 3%
SGST @ 3%
1 Reply
On 06 April 2020 at 17:40

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