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srvice below rs 500000 under composition
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%.
Replies (4)
PAY 1% GST ON RS 6 LAKH
but in 23 Rd GST council meeting services under Rs 500000 has been exempted in gst. so why not GST rs 5000.
- 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%
The composition dealer cannot provide services
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