Composition scheme - jewellery business

yes.opt for composition.it is naturally bundelled

thanks for ur comment

Not advisable

Composition scheme is not advisable for Sarrafa dealers who purchase from unregistered dealer.

Because they have to purchase after paying @ 3% under RCM for which no credit available.

Also on sale they have to pay @ 1% on sales which would not be collected from customer .

So they have to pay 4% aggregate.

Composition scheme not advisable for Jewellery business. Bcoz, They can reach 75lakhs is very Quickly and also compared regular tax and Composition Tax then Composition Tax is also Higher....
So, Go to regular..

actually composition scheme is not preferable for gold industry.

thanks for your advice

Welcome.......