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composite tax
I am manufactirar of branded coffee powder with annual turnover of 45 lakh.can I opt for composite taxing system
Replies (2)
yes, if your turnover less than 75 lacs , you can go for composition scheem. but you can not sell outside the state and you can not take benifit of input tax credit. and your status is manufacture than you have to pay 5% tax on your supply.
Yes you can opt for.
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