TaxTMI 
TaxTMI 
if a dealer opts composition scheme under vat act having sale of Rs 30lacs (including 4% sale Rs 7.50 Lacs And Rs.22.5 lac vat free sale).Is the dealer liable to deposit composition tax 1% at total sale of Rs. 30Lac or On Rs 7.5 lac .
Liability of Composition tax
11 Nov 2008 
1 Reply 
1124 Views Asked by
Guest 
Composition tax liability may apply on taxable turnover or total sales depending on state rules and transaction circumstances.
Whether the 1% composition levy under the VAT composition scheme is payable on total sales or only on taxable sales depends on state-specific composition rules and the particular circumstances of the transactions; liability and the applicable base are not uniform across jurisdictions. (AI Summary)
Whether the 1% composition levy under the VAT composition scheme is payable on total sales or only on taxable sales depends on state-specific composition rules and the particular circumstances of the transactions; liability and the applicable base are not uniform across jurisdictions. (AI Summary)
