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.
2 Replies
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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