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 normally file Monthly 2 Returns GSTR 3B and GSTR 1

+

Annual Returns

(12*2 +1=25 Returns in One Year)

They file Quarterly Returns GSTR 4

+

Annual Returns

(1*4 +1=5 Returns 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

(1% for trader and manufacturer, 5% for restaurant)

Any person can opt for normal scheme 

It is applicable for small assesses having turnover upto 1 crore 1.5 CRORE from 1 Feb 2019

  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting

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 9 years. He also provides Accounts Tax GST Training in Delhi and Pune.