11 June 2018
What will be the turnover on which tax is to be calculated under composition scheme in case of a used vehicle dealer purchasing from unregistered person and selling to unregistered person. Will it be the sale value of vehicle or the margin(sale price-purchase price) as per rule 32(5).
12 June 2018
I am asking whether I have to pay 1% tax under composition scheme on which amount Sale value or total margin (total sales-total purchases)
CAclubindia
