Dear All,
Our company running Multiplex Cinema theatres we are selling Food items both branded & un branded items can we go Composition rate for 2% for Unbranded Food items & 14.5% rate for branded food items under TNVAT Act. Previously we were paying 14.5% on all food items till March 2013. Now from Apr2013 we are thinking shifting to above method.
Kindly let me know what are possibilities.
rgds,
N.Suresh
CAclubindia
