Composition Dealer
This query is : Resolved
20 April 2020
one registered person is engaged in the business of making roofs gates and other agriculture equipment's by using steel, Can he pay tax as composition dealer ?? if yes at what rate ?
21 April 2020
rates for manufacturer and traders are 1% i.e. 0.5% cgst and 0.5% sgst on the turnover. threshold limit should be taken into consideration and one must comply with all the rules and regulations related to GST LAW.
21 April 2020
Means He can pay tax as composition dealer? New business hence no turnover criteria
21 April 2020
GST registration is mandatory if the aggregate turnover crosses the threshold limit of Rs. 40 Lacs from sale of goods in normal category states.
After the person becomes liable to register then he can take the registration either as regular dealer or as composition dealer.
You can register your manufacturing business under the composition scheme and can pay tax under the scheme till the turnover do not cross the maximum limit allowable under Composition scheme i.e., Rs. 1.5 cr.
After the person becomes liable to register then he can take the registration either as regular dealer or as composition dealer.
You can register your manufacturing business under the composition scheme and can pay tax under the scheme till the turnover do not cross the maximum limit allowable under Composition scheme i.e., Rs. 1.5 cr.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
