Gst rate under composition scheme whether 1% or 5%
This query is : Resolved
Quick Summary
omal thoudam
(Querist)
11 April 2023
A client has home based bakery selling only birthday cake, wedding cake,etc.If he is under composition scheme,which tax rate will be applicable whether 1% or 5%?
And if his business grows and opens a shop ,which tax rate will be applicable under composition scheme?
And if his business grows and opens a shop ,which tax rate will be applicable under composition scheme?
Dhirajlal Rambhia
(Expert)
11 April 2023
Under both option the rate will remain the same, i.e. 5 %, if self-made.
If only sold but not self-made, it will be 1%.
If only sold but not self-made, it will be 1%.
omal thoudam
(Querist)
12 April 2023
Thank you sir.This really clear my doubt.
Dhirajlal Rambhia
(Expert)
12 April 2023
My pleasure.
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