RICE MILL COMPOSITION
This query is : Resolved
26 January 2023
RESPECTED SIR
CAN RICE MILL OPT COMPOSITION SCHEME AND WHAT IS TAX RATE\/?
COMPOSITION SCHEME TAX RATE OF A GOLD SMITH ? PLEASE ADVICE .. THANKS...
CAN RICE MILL OPT COMPOSITION SCHEME AND WHAT IS TAX RATE\/?
COMPOSITION SCHEME TAX RATE OF A GOLD SMITH ? PLEASE ADVICE .. THANKS...
CA R SEETHARAMAN
(Expert)
26 January 2023
Yes, rice mill can opt for composition upto 50 lacs turnover 6% GST applicable(5% GST for non composition).
6% GST applicable on goldsmith for composition scheme.
6% GST applicable on goldsmith for composition scheme.
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