NORMAL  DEALER

COMPOSITION DEALER

They calculate GST Payable by deducting

OUTPUT GST

-INPUT GST

They calculate GST Payable by Paying

OUTPUT GST

At lower rate

(No Input taken)

They file Monthly 3 Returns

+

Annual Returns

(12*3 +1=37 Returns in One Year)

They file Quarterly Returns

+

Annual Returns

(1*4 +1=5 Re turns in One Year)

They can make Interstate Sales as well as local Sales

They cannot make Interstate Sales. However, they can make lower rates

Higher Rate of tax is applicable

(5%,12%,18%,28%)

Rates of tax are lower

(0.5%-2.5%

It is applicable for large assesses having turnover > 50 75 lacs

It is applicable for small assesses having turnover upto 50  75 lacs in Previous Year

  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting
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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 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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