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Kindly help me with an answer. Thanks in advance.
M/s X, opts for composition scheme under GST.
Details of suppliers for a quarter:
Outward supply of cartons - ₹5 lakhs
Outward supply of liquor - ₹3 laksh
Inward supply of raw material - ₹2 lakhs
Inward supply of raw material (under reverse charge mechanism) - ₹50,000
Outward supply of service by way of extending loans, deposit and advance - ₹75,000
Calculate GST payable by X for the quarter.
A) if X is manufacturer
B) if X is a retail trader
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