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tax liability

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1 Points Posted on 09 July 2017
till 20 lakh turnover tax benefit could we get under composition scheme.
ex. my turnover is 15 lakh and i am under composition scheme then we deposit tax or not
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On 09 July 2017 at 18:57 Report
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1037 Points Posted on 09 July 2017
You should deposit tax if you are registered under composition scheme even if your turnover is below 20 lakhs.
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On 09 July 2017 at 19:13
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29 Points Posted on 09 July 2017
Dear you are covered under compostion scheme and under this scheme tax rate is decided for diff business say 1-3% ..accordingly that you have to pay taxes to govt
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On 09 July 2017 at 19:13
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29 Points Posted on 09 July 2017
composition scheme is only for person who have turnover above upto 75 lacs if you had turnover in a year not more than 20 lacs you need not require to register under GST...
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On 09 July 2017 at 19:16


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