Question : Does a manufacturer under the composition scheme need to maintain details of accounts of every supply received and made?
Answer: No, the requirement to maintain detailed accounts of stocks in respect of goods received and supplied, work in progress, lost, destroyed etc. does not apply to a manufacturer under the composition scheme. Such a person shall maintain a true and correct account of production or manufacture of goods, inward and outward supply of goods, stock of goods, tax payable and paid.
GST on MSME : FAQ’s
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
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