Rate of Tax in Composition

Rate / HSN codes 264 views 3 replies
As per composition rule no. 5 point no. 1 rate of tax is 1% for manufacturers and "other than manufacturers of specified goods"

is there any list of specified goods ?
Replies (3)

List to be notified. Not declared yet.

Govt. Can specify any goods or us there any restriction

This is law enacted for future ease. Whenever any need arise, it will be notified.


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