applicability of composition scheme
amol bramhankar (artical tranee) (266 Points)
24 June 2017
is composition scheme applicable to dairy if yes/no why?
1 Replies
Ajay Prajapati
(512 Points)
Replied 24 June 2017
composition scheme
threshold limit 75 lakhs
1- not available for services expect restraunt and dhabas
2-also not available for inter state supply
3- no ITC , no tax collection
1-for manufecturer- agrigate turnover ' s 2%.... cgst 1%+sgst 1%
2-for traders - agrigate turnover's 1% ... cgst.5%+sgst.5%
3- for restrau and dhabas 5%.... cgst 2.5%+sgst2.5%
threshold limit 75 lakhs
1- not available for services expect restraunt and dhabas
2-also not available for inter state supply
3- no ITC , no tax collection
1-for manufecturer- agrigate turnover ' s 2%.... cgst 1%+sgst 1%
2-for traders - agrigate turnover's 1% ... cgst.5%+sgst.5%
3- for restrau and dhabas 5%.... cgst 2.5%+sgst2.5%
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