01 November 2019
A person gst composite sceheme registered trading of jewellery business. 1.Sales turnover april to september,19 Rs. 30 lacs 1% composite tax Rs.30000/_ paid 2.income from labour charges ( majuries and repairs works) Rs. 1 (one) lacs.upto september,19 Doubt for income from labour charges which rate of tax applicable .
01 November 2019
Composition dealer can supply service upto 10% of the Turnover or Rs 5 lakhs whichever is higher. Since in your case turnover of service is less than 10% of the Turnover, you can pay 1% tax on the labour charges.
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