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COMPOSITION FOR COMPOSITION

DIVAKAR RAO KHANDOJI RAO

CAN BAKARY PRODUCT MANUFACTUERER OPT FOR COMPOSITION SCHEME UNDER GST

Bakery manufacturer can opt for GST composition scheme but loses eligibility for Input Tax Credit (ITC). A bakery product manufacturer inquired about the eligibility to opt for the composition scheme under the Goods and Services Tax (GST). One respondent confirmed that there is no restriction on opting for the scheme. Another respondent added that while manufacturers can choose this scheme, they will not be eligible for Input Tax Credit (ITC). (AI Summary)
Goods and Services Tax - GST
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