one of our client is engaged in business of manufacturing of cement bricks .
can he opt for composition scheme
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option of registration
Replies (2)
yes offcourse he can opt for composition scheme. please select composition option at the time of making registration under GST.
Ensure his turnover is less than 75 lacs.
Disadvantage:
He has to pay 2% tax on his turnover.
he cant sell out of state
he cant take input credit, and no registered dealer will sell him raw material
go ahead with composition option after considering above disadvantages.
thank you sir
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