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Composition Scheme For Retail Traders Under GST

Goods and Services Tax - GST - By: - sunil kumar Gupta - Dated:- 1-7-2017 - Comparision of Normal Dealer & Composition Dealer Under GST NORMAL REGISTERED DEALER 5% 12% 18% 28% COLLECTED FROM CUTOMER 1,00,000.00 1,00,000.00 1,00,000.00 1,00,000.00 .....

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00.00 82,600.00 89,600.00 (A-B) NET INCOME 25,238.10 19,285.71 14,745.76 8,125.00 COMPOSITION DEALER 5% 12% 18% 28% COLLECTED FROM CUTOMER 1,00,000.00 1,00,000.00 1,00,000.00 1,00,000.00 GST@1% (to be borne by seller) 990.10 990.10 990.10 990.10 (A) .....

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.90 20,609.90 16,409.90 9,409.90 Difference in Income (benefit to composition dealer) 271.81 1,324.19 1,664.14 1,284.90 Notes 1 Composition also requires quarterly returns in GSTR-4 to be filed and one annual return in GSTR-9A. GSTR-4 is to be filed .....

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Traders are to pay tax @0.5% CGST, 0.5% SGST . 4 Purchase from unregistered dealers can be made upto ₹ 5000/- per day in aggregate without any liability to be registered. 5 A dealer registered under composition scheme is not required to mainta .....

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