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NORMAL  DEALER

COMPOSITION DEALER

They calculate GST Payable by deducting Input from Output

 

OUTPUT GST

-INPUT GST

GST Payable

They calculate GST Payable by Paying Tax on Sales at Lower rate

They do not take Input

OUTPUT GST

 

GST Payable

Their some returns are Monthly (Like GSTR3B)

while Others Can be Monthly or Quarterly

(GSTR1)

 

They do not have Quarterly Returns

They file Quarterly CMP-08

+

Annual GSTR4

 

They can make Interstate Sales as well as local Sales

They cannot make Interstate Sales. 

They can only sell within state

Higher Rate of tax is applicable

(3%,5%,12%,18%,28%)

Rates of tax are lower

For Traders 1%

For Manufacturers  2% 1% from 1 jan 2018

For Restaurants 5%

Service Providers 6%

For Other Services N/A0

This scheme is available to all business

 

This scheme is available to business having turnover upto 1.5 cr

(Limit is 75 lacs in case of North Eastern States+Uttarakhand)

 

 

 

  1. Taxation for CA, CS, CMA Exams May - June 2019
  2. GST for Exams

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.