Printing press can apply for composition scheme ,if yes....under manufacturing category ?....plz clarify anyone plz...
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Printing Press-Manufacturing or not
Replies (10)
Yes, Business of printing amounts to manufacture.
No, it is neither trading nor manufacturing
Please refer section 32(1)(iia)
No you cannot opt for composition scheme , As the supply of services cannot opt for Composit scheme
It is a service Better to be in gst regular If u r printing only news paper n magazines Ur output is exempt n Input have to reverse in that months gstr 3b untill gstr 2 is Mandatory
As per Section 10 CGST Act
2] The registered person shall be eligible to opt under sub-section [1], if:-
[a] he is not engaged in the supply of services other than supplies referred to in clause [b] of paragraph 6 of SCHEDULE II;
So composit dealer cannot supply services (except restaurant services)
2] The registered person shall be eligible to opt under sub-section [1], if:-
[a] he is not engaged in the supply of services other than supplies referred to in clause [b] of paragraph 6 of SCHEDULE II;
So composit dealer cannot supply services (except restaurant services)
Thanks all of you,but some of the dealer in surrounding area have registered under composition scheme and paying 2%...
Composition rates was later changed There is no 2 tax rate 1 for all5 for restaurant service
yes, now the composition rate for manufacturer is 1%
please clear the issue...
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