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Issue ID: 116005
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COMPOSITION FOR COMPOSITION

Date 11 Feb 2020
Replies2 Replies
Views 1016 Views
Composition scheme availability: bakery manufacturers may opt but will be ineligible to claim input tax credit.
Bakery product manufacturers may elect to opt for the composition scheme under GST as no restriction was identified; however, electing composition renders the taxpayer ineligible to avail input tax credit for inputs used in the business. (AI Summary)

CAN BAKARY PRODUCT MANUFACTUERER OPT FOR COMPOSITION SCHEME UNDER GST

Goods and Services Tax - GST
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Replied on Feb 11, 2020
1.

Yes.There is no restriction.

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Replied on Jun 1, 2020
2.

However, no ITC will be available.

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