GST Composition Scheme for Rs 50 Lakh Turnover, Trader
See the GST payable under the Composition Scheme for a trader/manufacturer with Rs 50 lakh annual turnover.
This scenario's inputs
- Annual turnover
- ₹50,00,000
- Business type
- trader-manufacturer
GST payable
Total GST payable
₹50,
1% of turnover
CGST
₹25,
SGST
₹25,
Related questions
1% of Rs 50 lakh turnover, Rs 50,000, split equally as CGST and SGST.
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