got a contract for supply of folders for which raw material purchased from market and by applying labour got the folders manufactured.
can I issue bill under composition scheme for supply of folders.
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composition scheme applicability
Replies (10)
Yes, You can opt for composition scheme.
what will be gst rate
0.5%+0.5%..... i.e. 1%
yes 1% provided you have prescribed turnover
will it be a maufacture. if so what is gst rate
yes it will be a manufacturer and gst rate will be 1%
that means total tax 1+1= 2%
no 0.5 + 0.5
thanks
for manufacturer, rate is 2%
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