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Rate of Composition - Coconut oil Manufacturing

jerrins joy (33 Points)

21 February 2021

what is the rate of composition
manufacturer of coconut oil whose turnover is less than 1.5 Cr

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V SUBRAMANIAM (500 Points)
Replied 21 February 2021

1% w/o itc

prasad Nilugal (3914 Points)
Replied 21 February 2021

As per Notification 50 dated 24/6/2020 , For Manufacturers , other than manufacturers of such goods as may be notified by the GOVT rate for composition is one and half (1/2 %) of the turnover .
Composition delar can not make inter-State supply .
please confirm with others also

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 22 February 2021

Rate for manufacturer in Composition scheme is 1%

Jamil Ahmed (615 Points)
Replied 22 February 2021

The rate for CGST is 1/2% and for SGST is 1/2%.

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prasad Nilugal (3914 Points)
Replied 22 February 2021

Yes, Dear Jamil Ahmed you are correct , Confused because 1/2% not in GST Act , but in notification .

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