One of my client is having ice cream parlour (outlet of havmor). Currently he is a regular dealer. Now he wants to convert himself from regular to composition dealer. Shall he be treated as a trader having 1% composition levy or covering under restaurant having 5% composition levy ?
Reply— Composition scheme is not applicable in case of manufacturing of ice cream. Since you are not manufacturer, you can opt the scheme. Ice cream parlour is not covered under the definition of restaurant. Therefore, composition rate of 1% will be applicable. |