Please help. Composition rate?
Ankush (Student) (1309 Points)
19 June 2017
Please share composition rates for restaurants? Also share for manufacturers and others? Thank you.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 19 June 2017
please refer to - https://www.cbec.gov.in/resources//htdocs-cbec/gst/revised_threshold_for_composition_scheme_11.06.2017.pdf
lokhande mahadev
(99 Points)
Replied 19 June 2017
Lalit Nagpal
(Assistant Manager)
(541 Points)
Replied 19 June 2017
1% of turnover, in case of a manufacturer
2.5% of the turnover in case of restaurant services
0.5% in case of others
rates are of CGST in addition to above SGST will be also be payable at same rate.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 19 June 2017
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