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Manufacturing & trading both activity

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(Querist)
01 August 2017 If a traders is engaged in a business of manufacturing and trading both can he opt for composition scheme?
For Ex. manufactuirer of sweets and tarding of packed snacks etc.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
01 August 2017 Yes he can opt for composition scheme. But then he will have to opt for both the businesses even if separate registration have been taken for each business.
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Tara Jain

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Tara Jain (Querist)
01 August 2017 But sir the rate of composition for manufacturer and traders is different in this case under which category will he take registration.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
01 August 2017 If both options are not available then you will have to take separate registration.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
01 August 2017 Its advisable to take separate registration
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Tara Jain

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Tara Jain (Querist)
01 August 2017 Seperate registration in the form of two business vertices?
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
01 August 2017 Yes.................
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Tara Jain

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Tara Jain (Querist)
01 August 2017 But what if both the work is done from one and the same place. Because the assessee is a small dealer T/O not exceeding 40 lakhs.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
01 August 2017 Yes, you can opt the composition scheme.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
01 August 2017 If you dont take separate registration then 2% rate will be applicable on all supplies including trading.
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