What is the tax rate for traders in composition scheme

tax rate for traders in composition fy-2020-2021 quarter 1 Apr -Jun


or is there any late fees if we filled it.. after 18 Of July 2020
Except 18 percent PA interest
Replies (1)
Tax rate for traders under composition scheme is 1% ( 0.5% Central tax plus 0.5% State tax) of taxable turnover.

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