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Composition Scheme for Resorts

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16 Points Joined July 2021
Can I opt for Composition Scheme the nature of Business is resort.
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On 05 May 2022 at 13:05 Report
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GST Practitioner & Accounts
15083 Points Joined March 2014
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 .
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On 05 May 2022 at 14:33
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Profession Business
28196 Points Joined May 2017
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.
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On 06 May 2022 at 06:17
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16 Points Joined July 2021
Thank you
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On 06 May 2022 at 20:11

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