srvice below rs 500000 under composition

26 April 2018

I am a composition dealer sold spare parts of two wheeler worth Rs 500000 and repairing service of Rs 100000. how much GST I have to pay by 1%.

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4 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 26 April 2018

PAY 1% GST ON RS 6 LAKH

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chandrakeshwar chandra (STUDENT) (15 Points)
Replied 26 April 2018

but in 23 Rd GST council meeting services under Rs 500000 has been exempted in gst. so why not GST rs 5000.

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 26 April 2018

Those supplying goods and services (services not exceeding Rs 5 lakhs in total) eligible for compositions scheme.

HELLO U WRONGLY INTERPRETAED

SERVICE VALUE BELOW RS 5,00,000 THEY ARE ELIGIBLE FOR COMPOSITION SCHEME HOWEVER THEY HAVE TO PAY TAX @ 1%

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 26 April 2018

The composition dealer cannot provide services

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