watch_later 01/07/17

Hello Pulkit Sir

Sir under composition scheme for traders 

there is 1% tax on turnover upto 75 lakhs.

Sir I am a composite dealer and I sale on my grocery shop both type of items i.e. taxable and exempt. then on what amount i will be required to pay tax.

for eg sale of exempt products 40lakh and taxable products sale is 25 lakhs.

 

then what will be tax liability?

1 Response | Latest response: 01/07/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 01/07/17

If you are selling goods which are not taxable then you cannot avail composition scheme.

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