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TMI BlogComposition Scheme in GST RatesX X X X Extracts X X X X X X X X Extracts X X X X ..... what is 1%, 2% 5% at what stage supplier have to pay in composition Scheme what entry has to made where ?? Please explain all 3 above rates on composition Scheme. Thank You - Reply By KASTURI S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ETHI - The Reply = 1% is for dealers/retailers, 2% for manufacturers and 5% for those dealers and manufacturers who have more than one business. It is called composite supply. Only Restaurant Servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce is eligible for composite supply. The person who opts for Composition Scheme will mention the remarks, Working under Composition Scheme on the invoices and also display on the signboard as Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mposition Scheme . That person cannot charge 1%, 2% 5% (whatever applicable) from the customer. He will file quarterly return. This scheme allows relaxation regarding maintenance of records of accou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts. The supplier will pay the amount after three months on the basis of his sale. No ITC is allowed. - Reply By Kishan Barai - The Reply = Thank You Very Much Sir - Composition Scheme in GST Rates ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Query Started By: - Kishan Barai Dated:- 9-7-2017 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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