A Gst registered regular scheme functional hall maintained dealer new gst registered w.e.f.01-02-22 in gst act.
question:
1.a dealer taxation and accounting records maintained procedure in gst act.
2.catering service provide in functional hall.
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Functional hall taxation and accounting in gst act
Replies (1)
For a registered functional hall dealer in the regular scheme, the standard tax rate for both venue rental and bundled catering services is 18%. You are eligible to claim Input Tax Credit (ITC) on your operational expenses. Ensure you issue GST-compliant invoices using the correct SAC codes and maintain clear records of all bookings and vendor expenses to file your GSTR-1 and GSTR-3B returns accurately.
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