watch_later 08/06/17

At what percentage tax should be paid by a person paying tax under composition levy scheme?

1 Response | Latest response: 08/06/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 08/06/17

For manufacturers the rate is 2%, for food items rate is 5% and for others such as retailers, wholesalers whether dealing in provisional stores, fancy stores or any other business not amounting to a manufacturing supply, the rate of tax is 1%.

So, tax rate under composition for retailers is 1%


Sign up to discuss taxation, accounting and finance topics with experts from all over India.

Join Discussion