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
For sale of unbranded food itmes like sweets,bakery products,savouries etc composition is available....mjk
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