My client has a wholesale buisness of Namkeen.
Suppose he purchase a bag of namkeen @ Rs. 1000 add gst @ 12% it comes to 1120.
Then what amount he would bill for if its profit margin is Rs. 20 per bag.
1.if it is under composition scheme.
2.Also specify when a person purchase from wholeseller under composition scheme then but a wholeseller i.e., 120 paid to their manufacturer who is in normal provision pls specify can he avail a credit of gst which not a retailor
Under Composition scheme
Composite dealer cannot charge GST
So Bill amount is 1000+20=1020
Composite dealer shall pay the Tax whatever applicable to them
And
Composite dealer cannot take ITC
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