A composition traders sales both exempted and taxable goods. Whether both exempted and taxable are liable for 1% or
only taxable goods are liable for 1% of sales?
10 Replies
Ajay jangir
(no)
(124 Points)
Replied 24 July 2021
Kindly quote section or notification/carcular as the case may be
Chartered Accountants ASPIRANT
(28 Points)
Replied 24 July 2021
Manufacturers consider some exception to manufacturers which cannot avail CL, Other manufacturers shall pay tax on Turnover in state incl exempt and taxable supplies
chethan data
(298 Points)
Replied 24 July 2021
Ajay sir 1 ℅ rate of tax applicable on taxable goods for traders otherwise manufacturers rate of tax is applicable on both
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 July 2021
1% tax rate for taxable goofsy
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
For Traders 1 % of taxable Goods
for Manufacturers 1% of total Goods
for Manufacturers 1% of total Goods
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