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composition scheme

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parv
30 Points Posted on 07 August 2017
can composition scheme be availed by person engaged in both manufacturing and trading? if yes, how??
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On 07 August 2017 at 15:04 Report
Replies (7)
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audit staff
1203 Points Posted on 07 August 2017
yes do both
1 Reply
On 07 August 2017 at 15:06
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accountant
435 Points Posted on 07 August 2017
if turnover cross 75lacs as per records thn u come under normal gst
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On 07 August 2017 at 15:11
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70 Points Posted on 07 August 2017
In gst there is concept of supply and no concept of manufacturing. If turnover is upto 75lakh then u can avail the scheme.
1 Reply
On 07 August 2017 at 15:12
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parv
30 Points Posted on 07 August 2017
so then we will have to pay 1% for trading turnover nd 2% for manufacturing?
seems complicated
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On 07 August 2017 at 15:14
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accountant
435 Points Posted on 07 August 2017
yes u can this
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On 07 August 2017 at 15:15
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70 Points Posted on 07 August 2017
yes but u have to maintain proper records
1 Reply
On 07 August 2017 at 15:19
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70 Points Posted on 07 August 2017
yes but u have to maintain proper records
1 Reply
On 07 August 2017 at 15:19


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