Printing press can apply for composition scheme ,if yes....under manufacturing category ?....plz clarify anyone plz...
10 Replies
Teena Singhal
(CA)
(84 Points)
Replied 04 July 2018
Yes, Business of printing amounts to manufacture.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 04 July 2018
No you cannot opt for composition scheme , As the supply of services cannot opt for Composit scheme
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
Pankaj Rawat
(GST Practitioner)
(55052 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)
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)
chMahesh Babu
(Student CA IPC / IPCC)
(32 Points)
Replied 04 July 2018
Thanks all of you,but some of the dealer in surrounding area have registered under composition scheme and paying 2%...
White Devil
(154 Points)
Replied 04 July 2018
Composition rates was later changed There is no 2 tax rate 1 for all5 for restaurant service
Recent Topics
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
Related Threads
CAclubindia
