Capital Goods sold by composition dealer, so what will be the rate of tax for fixed asset ( capital goods).
Air conditioner and furniture sold.
4 Replies
Vinod Babu
(24191 Points)
Replied 13 October 2018
No gst to be collected on sales by composition dealer.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 October 2018
No need to Chargeable GST for sale by Composition Dealer in Any of the Goods by the Dealer.
Mohit lodhi
(student)
(952 Points)
Replied 13 October 2018
so how will I pay tax on such supply
@ 1%…?
@ 1%…?
Vinod Babu
(24191 Points)
Replied 13 October 2018
yes, you have to pay gst @ 1% on outward supplies in your returns.
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