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Composite scheme rate for small hotel business

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manoj N

student

21 Points Posted on 16 September 2023

composite scheme rate for small hotel business

confusion in tax rate whether 5 % or 1%

if I opt for 5 % then I be will registered person example hotel A2b

Replies (2)

Quick Summary

This discussion addresses confusion surrounding the composite scheme rate for small hotel businesses. It questions whether the applicable tax rate should be 5% or 1%. The user highlights that if they opt for the 5% rate, they would be a registered person, and clarifies that the composite scheme is a category for small hotels, with a general tariff schedule indicating 5% for hotels.