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Composition scheme in case of fly ash bricks manufacturing

Palak Rawal (Student CA FINAL) (388 Points)

24 January 2018

Hello
can I register under composition scheme if my business is manufacturing of fly ash bricks? please suggest.
wht are disadvantage or advantages of it?

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166256 Points)
Replied 24 January 2018

Adv.: GST rate applicable 1% against normal rate 5%; less compliances..

Dsavt: No ITC, Only intra state supply.

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Manas Das (1431 Points)
Replied 24 January 2018

please decide based on your customer profiling if you are selling to builders or big contractors better to go for normal. but if you are selling to individual customers better to go for composition