composition scheme on catering business
This query is : Open
24 September 2017
Hi
Is GST Composition Scheme applicable on Catering Business?
Regards
Sunny Tayal
Is GST Composition Scheme applicable on Catering Business?
Regards
Sunny Tayal
24 September 2017
Catering business comes under SAC Heading 9963
24 September 2017
Which is taxable @18% and is not allowed under composition.
24 September 2017
No not applicable.
Composition scheme applicable to Restuarent business only. Not applicable your catering business.
25 September 2017
With due respect to views of professionals, my opinion on this subject differ and i would like to present counter view on the issue.
As per CGST Rules, following person can opt for composition scheme:
"Any person making supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (other than alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration."
and pay tax at 5% if total turnover does not exceed 75 lakhs. Word Restaurant is not used anywhere specifically. Since Catering Service also include supply of goods for human consumption, composition scheme can be opted by you in my opinion if all other conditions for opting composition are satisfied.
As per CGST Rules, following person can opt for composition scheme:
"Any person making supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (other than alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration."
and pay tax at 5% if total turnover does not exceed 75 lakhs. Word Restaurant is not used anywhere specifically. Since Catering Service also include supply of goods for human consumption, composition scheme can be opted by you in my opinion if all other conditions for opting composition are satisfied.
25 September 2017
Dear Sumeet,
CBEC has made it clear that in service sector composition is only applicable for restaraunts.
25 September 2017
both restaraunt and catering falls under SAC 9963. But there are sub sections to this SAC which need to be considered
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
