Can small cafe business get benefit of composite business ? Process to get new GST number for the same ?
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Quick Summary
This discussion clarifies that small cafe businesses can potentially benefit from the GST composition scheme, provided their aggregate turnover doesn't exceed £1.5 crore annually. If eligible, the GST rate is a favourable 5% (2.5% CGST and 2.5% SGST). The process for registering a new GST number under this scheme is also touched upon.
The cafe can be considered as Restaurant, Thus it can be registered under composition scheme as per Section 10. The rate of gst is 5% (CGST-2.5% SGST- 2.5%). The Aggregate turnover should not exceed Rs.1.5 crores in the Financial year.
The cafe can be considered as Restaurant, Thus it can be registered under composition scheme as per Section 10. The rate of gst is 5% (CGST-2.5% SGST- 2.5%). The Aggregate turnover should not exceed Rs.1.5 crores in the Financial year.
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