composition scheme
Mohit Mangla (20 Points)
23 June 2017
what will be the liability of tax on closing stock if i opt for composition scheme
Mohit Mangla (20 Points)
23 June 2017
upasana gupta
(Finance Professional)
(3931 Points)
Replied 23 June 2017
If you opt for composition scheme then you have to bear the tax liability 1% for manufacturer, 2.5% for restaurant sector and 0.5% for other suppliers on turnover.
Jitender Kumar
(19 Points)
Replied 23 June 2017
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