A dealer crossed 50 lakhs sales in Jan.21
he is eligible to pay @ 1% Tax on his taxable sale value for this month only or in future months also?
pl. clarify any experts.
Menu
Query on rule 86B
Replies (2)
Quick Summary
Not on value but 1% of tax
In such month..... when turnover would cross more than 50 lakh... he would liable to pay gst through cash ledger i. e. 1% of output tax liability
Recent Topics :
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
Related Topics :
CAclubindia
