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Composition scheme

1 reply, 2 voices Last updated by Vaishali Dhameja 5 months, 4 weeks ago
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  • #6071

    sugandha khelkar

    What is the rate of composition levy?


    Vaishali Dhameja

    Category of Registered person Rate
    1 Manufacturers, other than manufacturers of such goods as may be notified by the Government 1% (0.5% CGST, 0.5% SGST) of the turnover in the State/UT
    2 Restaurant Services viz Supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (other than alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration. 5% (2.5% CGST, 2.5% SGST) of the turnover in the State/UT
    3 Any other supplier eligible for composition levy under the composition scheme and the composition rules 1% (0.5% CGST, 0.5% SGST) of the turnover of taxable supplies of goods in the State/UT

    Thus, in the case of traders, the value of exempt supplies shall not be taken for calculating the turnover. The tax shall be levied @1% of the turnover of the taxable supplies of goods.

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