what is the difference of tax in local,small scale industry and large scale industry .
2 Replies
rocky
(accountant)
(953 Points)
Replied 24 May 2017
no difference in tax rate
one tax for whole nation -GST
one tax for whole nation -GST
rohit
(none)
(186 Points)
Replied 24 May 2017
Registration not required for turnover upto 20 Lakhs (10 Lakhs for Special category states).
One may be registered under GST Composition Scheme and pay marginal tax at the rate 1%, 2% or 5% {condition NO ITC and can't collect composition tax from buyer]
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