banner_ad

composition schme

360 views 14 replies
User Avatar

Job
205 Points Posted on 21 September 2018
Wht is the rate for composition scheme for manufacturer?.
0.5% for cgst & 0.5% for sgst na?
1 Reply Share Follow
On 21 September 2018 at 16:48 Report
Replies (14)
User Avatar

intern
2216 Points Posted on 21 September 2018

Yes, you're right. It is 1%

0.5% each for CGSTand SGST.

67 Reply
On 21 September 2018 at 16:53
User Avatar

Job
205 Points Posted on 21 September 2018
Thankss.
Btw if we have paid audit fees telephone expenses on which gst is charged than can v claim that credit? As it is not used in furtherance of our business
1 Reply
On 21 September 2018 at 17:10
User Avatar

Student
3193 Points Posted on 21 September 2018
Expenses paid under Composition Scheme, not eligible for ITC. And for the above mentioned services if it was not taken in the Course or Furtherance of Business ITC can't be claim. Except in Import of Services with consideration.
24 Reply
On 21 September 2018 at 17:35
User Avatar

Job
205 Points Posted on 21 September 2018
M not asking related to composition scheme
Normal busines cant take all this itc na?
1 Reply
On 21 September 2018 at 18:05
User Avatar

Student
3193 Points Posted on 21 September 2018
As it's not in course or Furtherance of Business, so no ITC.
24 Reply
On 21 September 2018 at 18:08
User Avatar

24196 Points Posted on 21 September 2018
You can't claim ITC which is not in course of furtharance of business.
161 Reply
On 21 September 2018 at 18:58
User Avatar

Job
205 Points Posted on 21 September 2018
Ohk thankss alot
1 Reply
On 21 September 2018 at 19:16
User Avatar

GST Practitioner
55067 Points Posted on 21 September 2018
Yes you can claim ITC on Audit fee & telphone expense if you are reqular dealer
301 Reply
On 21 September 2018 at 19:17
User Avatar

Student
3193 Points Posted on 21 September 2018
@ Pankaj Sir he said that service was taken not in course or Furtherance of Business
24 Reply
On 21 September 2018 at 19:21
User Avatar

Job
205 Points Posted on 21 September 2018
Actly in one author's book he have taken the credit of this services so m aksin
1 Reply
On 21 September 2018 at 19:24
User Avatar

Student
3193 Points Posted on 21 September 2018
May be it was Import of Services
24 Reply
On 21 September 2018 at 19:36
User Avatar

GST Practitioner
55067 Points Posted on 22 September 2018

HOW CAN BE AUDIT FEE IS NOT COVER UNDER BUSINESS ACTIVITY .... I COULD NOT UNDERSTAND,,, PLZ EXPLAIN ME

301 Reply
On 22 September 2018 at 20:12
User Avatar

Job
205 Points Posted on 23 September 2018
No it is not import of service
1 Reply
On 23 September 2018 at 13:39
User Avatar

7059 Points Posted on 23 September 2018
good and nice clarification like it
33 Reply
On 23 September 2018 at 20:18


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details