Tnvat- applying for composition for unbranded food items

suresh.N (Sr.Accounts) (24 Points)

18 May 2013  

Dear All,

 

Our company running Multiplex Cinema theatres we are selling Food items both branded & un branded items can we go Composition rate for 2% for Unbranded Food items & 14.5% rate for branded food items under TNVAT Act.  Previously we were paying 14.5% on all food items till March 2013. Now from Apr2013 we are thinking shifting to above method.

 

Kindly let me know what are possibilities.

 

rgds,

N.Suresh