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Composition levy

Indirect Taxation

I saw the video bt i dint understand the calculation sir.. 3% on what? Registered person can opt for this notification right registered under what sir?

Shruthi V

CA Inter

★ 0

22-Sep-20 15:42

363

Answers (3)

Registered person means person registered under GST. If turnover does not exceed 50 lakhs then current year upto 50 lakhs he can pay tax at the rate of 3 percent + 3 percent on turnover