banner_ad

Composition or regular and tax percentage

140 views 3 replies
sir we are started small hotel business of sale food.
and suggest me.
Replies (3)
Go for composition taxation i.e. 5% on sale of total food without availing any input.
If u avail composition then u cannot make interstate supply also no itc also keep turnover under 1.5 cr pan based and rate 5% of turnover if u go with regular u can collect gst from customers and can make inter state supply also no limit of 1.5 cr to be complied
In case of restaurant both composition scheme and normal attracts 5% GST without ITC. But in composition scheme you cannot collect GST from customer and if you opt for normal registration then you can charge GST in bill and collect from customer.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details