Composition scheme in gst

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Hi

What is the composition scheme in GST ?

I have started a business of selling fast food and bakery goods like pizza, burger, cake, cold drink, coffee etc. and my sale would not achieve 50 lac.

can regiuster under composition scheme ?

what amount of tax to be paid ?

Which GST returns have to file ?

Regards,

Parvinder Singh

 

Replies (2)
Composition shceme is applicable to those who have turnover of less than 75 lakhs.
Since you are restaurant service provider GST rate under composition is 5%. You cannot take any input credit.

Yes you can get registered under composition scheme and you will have to file GSTR-4 quarterly on the 18th of the month succeeding the Qtr.


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