AO
272 Points
Posted on 16 July 2017
Registered under the Composite Scheme you will pay tax at a rate not more than 1% for manufacturer, 2.5% for restaurant sector and 0.5% for other suppliers of turnover.
No records to be maintained
Neither your are allowed to avail ITC nor issue an invoice
Also buyer from composition dealer will not be able to claim input tax on such goods.