Menu
sweet stall
my dealers manufacturing sweets and bakery and he is in composition can we file in manufacturing 2% tax....or 5% ...kindly inform if any friends in composition for sweet stalls
Replies (1)
if the sweets which are manufactured and are sold to other sweet shops then they will classify as a manufacturer and has to pay tax at 2% on the sweets manufactured.
However, if such sweets (being food) are used to sell over the counter for human consumption then the supplier has to pay tax @ 5%
However, if such sweets (being food) are used to sell over the counter for human consumption then the supplier has to pay tax @ 5%
Recent Topic
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
Related Topics
CAclubindia
