Whether handicraft item is taxable or not
And whether we can opt composition scheme on this item
Menu
On handicraft item
Replies (5)
As per notification No.
32/2017-Central Tax dated the 15th September, 2017 published in the Gazette of India,
Handicraft item is Exempted.
32/2017-Central Tax dated the 15th September, 2017 published in the Gazette of India,
Handicraft item is Exempted.
@ vinod ji
Notification 32 the you mention is for granting exemption to casual taxable person making taxable supply of handicraft goods from requirement to obtain registration.
Hence Handicraft Goods are Taxable As per Notification 21/2018 ,CT (r)
Notification 32 the you mention is for granting exemption to casual taxable person making taxable supply of handicraft goods from requirement to obtain registration.
Hence Handicraft Goods are Taxable As per Notification 21/2018 ,CT (r)
@ dinesh
Yes , you can opt for composition scheme
@ dinesh
Yes , you can opt for composition scheme
@ dinesh
Yes , you can opt for composition scheme
Recent Topic
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
- LTCG Tax Liability even after 100% LTCG set off wi
- ITR RETURNS
- Gold Mining
- Sale of share
Related Topics
CAclubindia
