Wht is the rate for composition scheme for manufacturer?.
0.5% for cgst & 0.5% for sgst na?
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composition schme
Replies (14)
Yes, you're right. It is 1%
0.5% each for CGSTand SGST.
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
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
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.
M not asking related to composition scheme
Normal busines cant take all this itc na?
Normal busines cant take all this itc na?
As it's not in course or Furtherance of Business, so no ITC.
You can't claim ITC which is not in course of furtharance of business.
Ohk thankss alot
Yes you can claim ITC on Audit fee & telphone expense if you are reqular dealer
@ Pankaj Sir he said that service was taken not in course or Furtherance of Business
Actly in one author's book he have taken the credit of this services so m aksin
May be it was Import of Services
HOW CAN BE AUDIT FEE IS NOT COVER UNDER BUSINESS ACTIVITY .... I COULD NOT UNDERSTAND,,, PLZ EXPLAIN ME
No it is not import of service
good and nice clarification like it
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