very imp

183 views 3 replies

Anupam Goswami

342 Points Joined July 2017

Respectd sir/madam

According to gst law non gst or composition person cannot take gst from customer..in this case the rate will be different from gst outlate?

The profit of margin will reduce for small businesses?

What will be the selling price for MRP product like medicine..which rate non gst or composition person take?

is it MRP/gst%....

Then every one will be force to take gst to protect his profit is it not?

Consumer now very confuse as well as retail shop kindly answer....

Replies (3)

RAMESH D MODI

Proprietor

4869 Points Joined January 2010

composition levy will always reduce profit of the dealer u can not charge gst on sale amount nor u can take the rate more than MRP.

Anupam Goswami

342 Points Joined July 2017

its i know dear u r not able to get what i ask..kindly go through

Rajarajan

272 Points Joined June 2009

Registered under the Composite Scheme you will pay tax at a rate not more than 1% for manufacturer, 2.5% for restaurant sector and 0.5% for other suppliers of turnover.

No records to be maintained

Neither your are allowed to avail ITC nor issue an invoice

Also buyer from composition dealer will not be able to claim input tax on such goods.