Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Printing Press-Manufacturing or not

chMahesh Babu (Student CA IPC / IPCC) (32 Points)

04 July 2018

Printing press can apply for composition scheme ,if yes....under manufacturing category ?....plz clarify anyone plz...

Reply
Follow
Share

10 Replies

Teena Singhal (CA) (84 Points)
Replied 04 July 2018

Yes, Business of printing amounts to manufacture.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

White Devil (154 Points)
Replied 04 July 2018

No, it is neither trading nor manufacturing

1 Like

Teena Singhal (CA) (84 Points)
Replied 04 July 2018

Please refer section 32(1)(iia)

2 Like

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 04 July 2018

No you cannot opt for composition scheme , As the supply of services cannot opt for Composit scheme

3 Like

White Devil (154 Points)
Replied 04 July 2018

It is a service Better to be in gst regular If u r printing only news paper n magazines Ur output is exempt n Input have to reverse in that months gstr 3b untill gstr 2 is Mandatory

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 04 July 2018

As per Section 10 CGST Act

2] The registered person shall be eligible to opt under sub-section [1], if:-

[a] he is not engaged in the supply of services other than supplies referred to in clause [b] of paragraph 6 of SCHEDULE II;

So composit dealer cannot supply services (except restaurant services)

1 Like