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...
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?¥°