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Composition Delear
A person running a Bakery shop can he opt for composition scheme under GST if so what is tax slab applicable to him i. e. he will be under 5% slab or 1% slab ,also what is the HSN for the same
Replies (4)
Eligibility - Yes, he can opt
Tax Slab- 1%
HSN Code- 1905
Tax Slab- 1%
HSN Code- 1905
compostion scheme can be taken for bakery business.
1% gst is to be paid on taxable outwards supplies.
1% gst is to be paid on taxable outwards supplies.
1% , only restaurant service have tax rate of 5%
good clarification and information
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