Question

composition scheme of GST is applicable for which amount?

Answer 1

Under composition scheme you need to file quarterly returns. Adhia added that there will be a uniform rate of 1% ( 0.5% Central tax plus 0.5% State tax) on composition scheme for dealers and manufacturers. Manufacturers under this scheme earlier pay 2% ( 1% Central tax plus 1% State tax) of the turnover.

Answer 2

Answer:

Step-by-step explanation:

Under composition scheme you need to file quarterly returns. Adhia added that there will be a uniform rate of 1% ( 0.5% Central tax plus 0.5% State tax) on composition scheme for dealers and manufacturers. Manufacturers under this scheme earlier pay 2% ( 1% Central tax plus 1% State tax) of the turnover.