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If ur turnover is not more than 1.5crores in the previous finincial year then u can opt Composition Scheme and u can not avail itc and u can not charge GST in ur invoice also.
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Registration : Composition Scheme
GST RATE : 5%
Benefit of ITC : Not Available [ Section 10(4) and Section 17(5)(e) ].
Registration : Regular/Normal Scheme
GST RATE :
a). Sweets :- 5%
b). Pastries and other bakery products :- 18%
c). Bread ( branded or otherwise ) : NIL
Benefit of ITC : AVAILABLE.
GST RATE : 5%
Benefit of ITC : Not Available [ Section 10(4) and Section 17(5)(e) ].
Registration : Regular/Normal Scheme
GST RATE :
a). Sweets :- 5%
b). Pastries and other bakery products :- 18%
c). Bread ( branded or otherwise ) : NIL
Benefit of ITC : AVAILABLE.
