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Composition Scheme for Resorts
Can I opt for Composition Scheme the nature of Business is resort.
Replies (3)
Refer Notification 2/2019 central Tax (Rate) dated 7/3/2019 , check applicable to you or not , it's Composition scheme with 6% GST rate .
Composition scheme for resorts is not beneficial they cannot take input tax credit. Resort entails a huge amount of capital expenditure.As a result of the fact the same is not beneficial. Regular scheme registration is beneficial.
Thank you
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