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Composition rates

146 views 3 replies

Harshit Acharya

404 Points Joined January 2020

What are the 3 effective rates of composition tax payer ? 1, 5 , 1 or 2 , 5 , 1.

Replies (3)

Krishan kant

student

600 Points Joined January 2017

1 5 1 as per rules

Aashok Kumar Sharma

Finance/Compliance Consultant

59872 Points Joined June 2010

Yes it is 1% for Manufacturers and Traders, 5% restaurants, and 1% for deemed composite supply

Shivam RC

Student

23688 Points Joined November 2017

1% ( 0.5% CGST + 0.5% SGST ) for the MANUFACTURER.

1% ( 0.5% CGST + 0.5% SGST ) for the TRADERS on their "Taxable Turnover".

5% ( 2.5% CGST + 2.5% SGST ) for the RESTAURANT Service Providers.

6% ( 3% CGST + 3% SGST ) for the SUPPLIER of SERVICES, having Aggregate Turnover of up to Rs. 50 lakhs.