A travel operator with an annual turnover of ₹1.2 crore is seeking GST registration. They are ineligible for the composition scheme due to their turnover exceeding the ₹50 lakh threshold. For normal GST registration, they will need to use HSN code 9985 and can opt for a 5% GST rate without input tax credit (ITC) or an 18% rate with ITC.
18 August 2023
A person operating travels service having annual turnover will be 1.2 cr. want to apply for gst registration. Can he avail composition scheme as his turnover will be more than 50 lakh?
if no then, will register in Normal Scheme, what is the rate of GST & SAC code?