Composition scheme for Job work.
This query is : Resolved
17 December 2024
A person who is involved in job work related silk. Can he opt for composition scheme under Section 10(2A) of GST Act 2017? if not why?
17 December 2024
Practically it is not beneficial as GST rate on your job work is at 5% with ITC, while that of services is at 6% without ITC; which will be at cost to you as Composition dealers are not able to charge GST.
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