Iam composition dealer
I will purchase FROM interstate , but iam composition dealer tax PAYABLE @ 1% or applicable interstate purchase rate of tax please explain
Replies (4)
Quick Summary
Composition dealers are applicable at the rate of 1% tax
On purchases, tax at the rate as applicable to the goods would be payable to the vendor. Special rate for composition dealers are only in respect of sales.
Composition dealer tax rate on sale is 1% and regarding purchase tax rate as applicable to goods would be payable to the vender
Composite dealer cannot sell interstate as per gst act
however if u are asking for purchase then vendor will charge tax normally as per the gst rate applicable on the product which will be booked as cost and no input tax credit will be available
Thanks,
mohitagrawal076 @ gmail.com
however if u are asking for purchase then vendor will charge tax normally as per the gst rate applicable on the product which will be booked as cost and no input tax credit will be available
Thanks,
mohitagrawal076 @ gmail.com
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