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Tax applicable rate inter-state transaction for composite scheme dealer

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Thu Apr 11 2024

27

A registered composite scheme dealer sales transactions two types

  1. Outward suppliers for intra -state transaction value e-way biils year 2019-20 Rs. 12 lacs tax payment 1 percentage
  2. Outward supply for inter-state transaction value e-way biils Rs. 3 lacs year 2019-20 tax payment 1 percentage.

If gst department notice issued sec 10(2) outward supply transaction not eligible for inter-state transaction

Tax applicable on Rs. 12 lacs + Rs. 3 lacs total Rs. 15 lacs turnover tax payment 5 percentage calculation 1 percentage tax payment already remaining balance 4 percentage tax payable in notice mentioned.

Doubt:

Tax pay on remaining balance tax inter-state and intra -state both applicable or inter-state only applicable.

Thu Apr 11 2024

0

The composition scheme is available only for dealers doing intra-state supplies. If a dealer is involved in inter-state supplies, then they have to opt out of the scheme.

Hence, you have to pay applicable tax on entire value not only inter state value.

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