Solve my problem

Jewellery business eligible for composition scheme @ 1% (intrastate) or should I register for regular @ 3%. Cilent is willing to bear extra 1% burden and turnover is less than 75 lakhs.

All are saying difference in opinion .

Please solve my query.

Thank you.

Replies (3)
Quick Summary
A jewellery business owner is seeking advice on whether to opt for the 1% composition scheme or the 3% regular GST registration. Despite a turnover below 75 lakhs and willingness to pay the extra 1%, there's conflicting advice. The core question revolves around the taxability of making charges and whether they constitute a composite supply of goods or a separate supply of service, impacting eligibility for the composition scheme.

The jewellery business should be opt for composition scheme at the rate of 1%

Making charges with sale of jewellery are taxable @ 1% ?  and making charges is consider as supply of service should I consider in limit 10% of turnover in preceding financial year or 5 lakhs which ever is higher as per 10(2) ?

In my opinion, making charges with jewellery is a composite supply under 2(30) read with section 8 where jewellery is the principal supply and hence I guess the entire arrangement should be viewed as goods!

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