What will be tax rate and turnover limit for composition supplier engaged in mixed supply after amendments in the same?
Will the rate of 6% and turnover limit of Rs.50L be applied on aggregate turnover of mixed supplies or on turnover of services only?
Thanks in advance.
Menu
GST in case of composition scheme
Replies (5)
it's 1% turnover of services. As per Order 1/2019 Services upto 10 % of preceding FY or 5Lac whichever is Higher can provide.
The scheme of 50lac is not yet applicable.
The scheme of 50lac is not yet applicable.
Agreed with pankaj sir answer
but i think 3% CGST and 3% SGST is notified for composition of service supplier w.e.f. 1-4-19
No it's recommended in council meeting will be get effective from 1/04/2019 , But till date not Notified
ok, understood.
Thank you
Thank you
Recent Threads
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
Related Threads
CAclubindia
