Difference between Regular Scheme and Composition Scheme.jpg

 

 

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Transcript

What is Regular Scheme Normal Regular Dealer Output GST Normal Regular Dealer Composition Dealer Output GST Input GST GST Payable GST Payable Normal Rate Lower Rate Output GST They can make both Local and Interstate Sales They can make only Local Sales 28%/18%/12%/5%/3% 1% For Dealer/Factory, 5% For Restaurant 6% Service providers What is Composition Scheme What is Regular Scheme

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.