Sri Snigdha (Articles Assisstant) 24 November 2020
Can a bakery business can be otped for composition scheme? then what is the rate of tax?
Sai Rocky (Student) 24 November 2020
Ofcourse,they can pay under composition scheme if its annual turnover under prescribed limits.
Pankaj Rawat (GST Practitioner) 27 November 2020
Yes ....... the bakery business can opt for composition scheme & Charge 1% GST on turnover .
5% GST is applicable in case of Restaurant & if bakery seller is providing seating arrangement & serving the customers under his business premises will be cover under the restaurant business & liable to charge 5% GST FC (without ITC) in that case.
(Notification 46/2017 CT ,rate
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