a composition dealer doing business of power tools can sold meterials to a cooperative society worth of 15 lakhs?
what is the tax rate ? usually one percent or any extra ?
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sales to society
Replies (1)
In composition levy-
* For trader and manufacturer, it is 1%(cgst 0.5%+sgst 0.5% on sales amount payable in your returns.
Composition dealer should not collect tax on outward supplies. They have to pay the gst amount from their own pocket.
* For trader and manufacturer, it is 1%(cgst 0.5%+sgst 0.5% on sales amount payable in your returns.
Composition dealer should not collect tax on outward supplies. They have to pay the gst amount from their own pocket.
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