In compounding scheme when I sell 50 lakh tax-free items. How much I paid in as GST compounding scheme?
Composite dealer not eligible to sale tax free items. If sold you will come under regular dealer.
As per sec 10 of cgst act, tax liability will be 1,2 or 5%
If u r a tax free dealer then also u want to be under composition scheme u will have to pay the composition tax of total turnover