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RICE MILL COMPOSITION

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(Querist)
26 January 2023 RESPECTED SIR
CAN RICE MILL OPT COMPOSITION SCHEME AND WHAT IS TAX RATE\/?
COMPOSITION SCHEME TAX RATE OF A GOLD SMITH ? PLEASE ADVICE .. THANKS...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 January 2023 Yes, rice mill can opt for composition upto 50 lacs turnover 6% GST applicable(5% GST for non composition).
6% GST applicable on goldsmith for composition scheme.

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