Question ID : 40998

Composition Tax rate for Bakery

Hello all, A typical bakery person buys banded biscuits, chips, chocolates etc and also prepares cake, puffs, khara etc. He mostly does counter sales. What shall be composition tax rate? Can we apply 2.5% +2.5% for own products like cake, puffs etc and 0.5% +0.5% for traded items like biscuits, chocolate? or 1%+1% as a manufacturer.

posted by Anant Nyamannavar on Mar 13 2021 12:00AM