Tax Rate Under Composition Scheme For Retailers And Others?

watch_later 3 years, 8 months ago

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

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1 Answer

GST Payer watch_later 3 years, 8 months ago

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%

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