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