what is the rate of composition
manufacturer of coconut oil whose turnover is less than 1.5 Cr
5 Replies
prasad Nilugal
(3914 Points)
Replied 21 February 2021
As per Notification 50 dated 24/6/2020 , For Manufacturers , other than manufacturers of such goods as may be notified by the GOVT rate for composition is one and half (1/2 %) of the turnover .
Composition delar can not make inter-State supply .
please confirm with others also
Composition delar can not make inter-State supply .
please confirm with others also
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 22 February 2021
Rate for manufacturer in Composition scheme is 1%
prasad Nilugal
(3914 Points)
Replied 22 February 2021
Yes, Dear Jamil Ahmed you are correct , Confused because 1/2% not in GST Act , but in notification .
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