Composition Tax Rate On Manufacturers And Whether They Can Take Registration Under Composition Levy?

watch_later 3 years, 2 months ago

Whether manufacturers can take the registration under composition levy? What is the tax rate to be charged by them under GST?

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1 Answer

GST Payer watch_later 3 years, 2 months ago

Manufacturers can take registration under composition scheme. Rate of tax is 2% of the turnover.

For example, if your turnover for a month is 1 lakhs than tax will be Rs. 2,000.

However, government has the power to announce type on goods on which tax cannot be paid under composition scheme.

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