Composition Schemes for Restuarant

This discussion explores whether a 3-star hotel should opt for the GST composition scheme. While the scheme allows for a lower GST rate (5%), it comes at the cost of forfeiting input tax credit. The regular GST scheme, though potentially more complex, allows for input tax credit claims. The advice given is that for a 3-star hotel, the regular scheme might be more beneficial due to the ability to claim input tax credit.