Gst on canteen sales

Jatin Verma (68 Points)

28 August 2017

If a canteen has an annual turnover above 20lakhs . will it requires to charge gst on his sale?

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satyanarayana edadasula (125 Points)
Replied 28 August 2017

If it is under composition scheme @ 5% or under regular 12% for non AC,18% for AC with ITC.

Jatin Verma (68 Points)
Replied 28 August 2017

if we did'nt opt for composition, then there is 12% rate.?

satyanarayana edadasula (125 Points)
Replied 28 August 2017

If you do not have A C, central heating facility & license or permit to serve liquor then 12% is available with full ITC.

Jatin Verma (68 Points)
Replied 28 August 2017

And if sir we opt for 12% rate then there is a need to maintain detail records.?

satyanarayana edadasula (125 Points)
Replied 28 August 2017

Sir, yes you have to maintain all the records as prescribed under GST act.

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