Composition Levy
Srinivasan Chokkanathan (199 Points)
11 August 2017
Whether Bakery and Sweet Stalls could opt for Composition Levy as 'Service' falling under item 6 (b) of Schedule II ??
8 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 11 August 2017
No.... They can't opt to composition scheme.
kalpesh patel
(32 Points)
Replied 11 August 2017
service not covered under composition scheme so that they can not opt composition scheme
Revanth
(Kumar)
(258 Points)
Replied 11 August 2017
Plz.Refer para 6(b) of Schedule II of CGST Act,,
supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (other than alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration
I dont know , how ppl are saying Restaurant service can opt for composition scheme,,,
No where in the Act it Is is specifically mention Restaurant can opt for composition,,
instead it says Supply Food or drink or any other article for human consumption..By applying the same logic u can say Restaurant or any other service involving supply food or any other article foe human consumption ( bakery)can go for composition ..
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 August 2017
Restuarents hotels are prepared foods from nature things. But, Bakery business is just made of his items. Not produce....
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 August 2017
Bakery business can't applicable to Composition scheme.....
Revanth
(Kumar)
(258 Points)
Replied 13 August 2017
THEY HAVE MENTIONED FOOD OR ANY OTHER ARTICLE FOR HUMAN CONSUMPTION,, WHAT DO U MEAN BY ANY OTHER ARTICLE??? Then what about Pizza OR any sweet and many more items which are not produce from natural thing.being served in restaurant
that is why law maker added it's about the item they are dealing,, not the place where they are dealing.
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
