One of our firm manufacture furniture goods as well as sell the traded furniture too. Now if we opt for composition in gst what will be tax liability, only 2%, or 2% and 1% both.
Amit Saxena (49 Points)
09 July 2017One of our firm manufacture furniture goods as well as sell the traded furniture too. Now if we opt for composition in gst what will be tax liability, only 2%, or 2% and 1% both.
Sudarshan Mehta
(partner)
(62 Points)
Replied 09 July 2017
As he has opted composition scheme as a manufature, all manufactured goods and traded goods will attract 2% levy.
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 09 July 2017
UNDER YOUR QUERY IT WILL ATTRACT 2% COMPOOSITION FEE
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