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Charge of GST COMPOSITION

In the class, sir said that the dealer or trader under composition scheme is taxed 0.5% cgst on taxable supplies,and not on turnover. would you please provide the notification number which mentioning this change for the better clarity. With loving...

Pranav Connecting...

Pranav Connecting...

CA Inter

★ 4K+

13-Apr-20 19:24

63

Answers (2)

In case of trader it is 0.5 percent of taxable supplies only. Refer Notification no. 1/2018 dated 1.1.2018

Shiva Teja

Shiva Teja

Faculty

13-Apr-20 20:59

Shiva Teja Faculty

In case of trader it is 0.5 percent of taxable supplies only. Refer Notification no. 1/2018 dated 1.1.2018

Thank you very much sir.ð?¥°

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Pranav Connecting...

Pranav Connecting...

CA Inter

★ 4K+

13-Apr-20 21:06

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