Menu
Lump sum tax
what are the slabs for lump sum tax for turnover upto Rs. One Crore or more in GST???
Replies (3)
20 lakh limit
no higher limits???
There is no such conept of lump sum tax and all in GST. There is a composition scheme, under which any entity having turnover of less than 50 Lacs Rupees can pay tax at flat GST rate. Rates specified are 2.5% for restaurants, 1% for manufacturers and 0.5% for others.
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
