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Composition Scheme for Resorts

Rathan D Gowda (15 Points)

05 May 2022

Can I opt for Composition Scheme the nature of Business is resort.

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prasad Nilugal ( GST Practitioner & Accounts ) (14221 Points)
Replied 05 May 2022

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 .

sabyasachi mukherjee (26273 Points)
Replied 06 May 2022

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.

Rathan D Gowda (15 Points)
Replied 06 May 2022

Thank you

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