I am composition dealer. my stock value is 200000 ( interstate purchase ) for example before gst and i charge 5%vat on sales
after gst I am not charging any gst on sales and deposited 1% to govt on turnover of sales.
is it mean I get the relaxation 4%
am I right
3 Replies
Mir Javaid
(61 Points)
Replied 20 November 2017
Yes
But you will not get Input credit on purchases and 1% you will not charge for the customer
But you will not get Input credit on purchases and 1% you will not charge for the customer
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