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sale calculation
how many sale calculate over the purchase bill without sale bill in composition scheme
Replies (2)
your query is not clear , please elaborate
Gst to be calculated on sales turnover( not on purchase)
In composition levy-
* For trader and manufacturer, it is 1%GST(cgst 0.5%+sgst 0.5%.
* For Restaurant, it is 5% GST (cgst 2.5%+sgst 2.5%)
Gst to be paid on total taxable outwards supplies.
Note:From 1st jan18,no gst on exempted supplies.
In composition levy-
* For trader and manufacturer, it is 1%GST(cgst 0.5%+sgst 0.5%.
* For Restaurant, it is 5% GST (cgst 2.5%+sgst 2.5%)
Gst to be paid on total taxable outwards supplies.
Note:From 1st jan18,no gst on exempted supplies.
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