Question : Does a manufacturer under the composition scheme needs to maintain account of inputs tax credit?
Answer: A manufacturer under the composition scheme need not maintain account of input tax, input tax credit claimed etc. as he is neither allowed to avail of input tax credit nor can he issue an invoice showing tax using which buyer can avail input tax credit.
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GST on Textile : FAQ’s
GST on Export : FAQ’s
GSTIN / PAN and Invoice information in Shipping Bill
Bond or LUT along with Shipping Bill
Drawback after GST regime
Related Topic on GST
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| GST Books | Best Books on GST in India |
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| GST You Tube Channel | TaxHeal You Tube Channel |
| GST Online Course | Join GST online Course |
| GST History | GST History and Background Material |