Forum GST Tax rate under composition sc…

Tax rate under composition scheme for retailers and others?
Anon
watch_later 08/06/17

At what percentage tax should be paid by a person paying tax under composition levy scheme?

1 Response | Latest response: 08/06/17 | Sort by Likes(thumb_up) Recent | GST Reply
GST Payer
watch_later 08/06/17
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For manufacturers the rate is 2%, for food items rate is 5% and for others such as retailers, wholesalers whether dealing in provisional stores, fancy stores or any other business not amounting to a manufacturing supply, the rate of tax is 1%.

So, tax rate under composition for retailers is 1%

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