IndigoLearn

Composition levy

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?

Attachments

IMG_20200922_153815.jpg


Shruthi V

Shruthi V

CA Inter

0

22-Sep-20 15:42

8

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


Shiva Teja

Shiva Teja

Faculty

22-Sep-20 15:50

Above 50 lakhs Normal rates...and hell b out of this notification right from yhe date he crosses 50 laks sir


Shruthi V

Shruthi V

CA Inter

0

22-Sep-20 15:54