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?
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