Composition
Vaibhav DHingra (128 Points)
11 July 2018
notification of exemption of tax on exempted sale in case of composition dealer ?
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 11 July 2018
| Originally posted by : Vaibhav DHingra | ||
 |
notification of exemption of tax on exempted sale in case of composition dealer ? |  |
N.N. 01/2018-Central Tax, dt. 01/01/18
Rate applicable to traders:
0.5% of the turnover OF TAXABLE SUPPLIES of goods
But manufacturers and restaurant service providers would be liable to pay tax on the turnover in State, whether or not the supplies are exempted from tax.
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