Gst

This query is : Resolved

RONI (Querist)
Follow

05 April 2018 Dear Sir,,
One my friend is running hotel , where he sells food items such as rice, meat, sweets etc.Whether he will be required take gst registration. Whether he can opt composition scheme

CA Ashish Agrawal

CA Ashish Agrawal (Expert)
Follow

05 April 2018 If the T.O. exceeds Rs. 20 Lacs, then only registration is required. The restaurant industry already comes under composition and the rate of tax is 5% and you can not claim Input Tax Credit. (Except for starred hotels where room tariff is Rs. 7500 or above, the rate of Gst is 18% with availability of ITC)

RONI

RONI (Querist)
Follow

05 April 2018 Sir , I have heard, gst rate for composition scheme is 1% whether it is correct

RONI

RONI (Querist)
Follow

05 April 2018 Sir , I have heard, gst rate for composition scheme is 1% whether it is correct

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

05 April 2018 no. for hotels it is 5%....please refer https://cleartax.in/s/composition-scheme-under-gst

Message likes : 1 times

CA Ashish Agrawal

CA Ashish Agrawal (Expert)
Follow

06 April 2018 Rate of GST under Composition scheme is as under;
1% is for Traders, 2% is for Manufacturers & 5% is for restaurants.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAGHUNATH KASIBHOTLA

CA Sunny Sharma

Raviraj ponkshe

adarsh chaturvedi

DEEPAK BHARGAVA

Subscribe Now

Gst

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

GST CONSULTANCY

Manager- Finance and Compliance

Article Assistant

CA Final