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Composition GST No

Jayaram Damodare (Accoutant) (257 Points)

25 January 2021

I have Gst no under Composition schem But at time of I done a gypsum work what is % should I charge

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7 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 25 January 2021

GST rate for gypsum work is 5%

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Jayaram Damodare (Accoutant) (257 Points)
Replied 25 January 2021

But for composition schem what should be show %

ayusmita (Tax consultant) (5885 Points)
Replied 25 January 2021

Sorry you asking what you charge to customer or what you show in GST 3b

Jayaram Damodare (Accoutant) (257 Points)
Replied 25 January 2021

I charging to my customer

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 25 January 2021

GST Tax Rate: 5%

Descripttion: Gypsum; anhydrite; plasters (consisting of calcined gypsum or calcium sulphate) whether or not coloured, with or without small quantities of accelerators or retarders.

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ayusmita (Tax consultant) (5885 Points)
Replied 25 January 2021

When you charge to customer it is 5%
means cgst 2.5%
sgst 2.5%
or if IGST then directly 5%

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 26 January 2021

In term of Section 10(1)(c) , R/w Rule 7 of CGST Act , Any supply under Composition Scheme the rate of Tax is 1% for trader & the same cannot be collected from Customer, as it's on turnover.