My turnover is below 75 lacs, can we go for compounding?

We are manufacturer and also marketing some products of same nature ternover below 75 lacs, can we go for compounding?

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Yes. provided you are not manufacturers of ice cream, pan masala, or tobacco. also you don’t sell inter state. don’t have opening stock purchased from inter state.

Answered on July 7, 2017.
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Gen GST