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Composiiton Dealers

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(Querist)
28 January 2020 Dear Experts

Composition Dealers are allowed to supply services at 10% of turnover 0r 5 lakhs whicever is lower. Please explain what will be the rate of tax for supply of trading goods and the the services.

Is it 1% for goods and 6% for services
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
28 January 2020 6% rate is a separate composition rate for service providers. for normal composition tax payer rate is 1% for services as well.

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