Composition Scheme in GST Rates

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....omposition Scheme in GST Rates<br> Query (Issue) Started By: - Kishan Barai Dated:- 9-7-2017 Last Reply Date:- 10-7-2017 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>what is 1%, 2% & 5% at ....

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....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 SETHI: The Reply: 1% is f....

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....or 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 Service is eligible for composite ....

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....supply. The person who opts for Composition Scheme will mention the remarks, &quot; Working under Composition Scheme&quot; on the invoices and also display on the signboard as &quot;Composition Scheme....

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....&quot;. 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 accounts. The supp....

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....lier 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<br> Discussion Forum - Knowledge Sharing ....