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gst on bakery .
a bakery manufacturing and selling sweets,bread and other bakery products ,what is the gst rate in , regular and composition scheme .is it 1% /5%. whether input is available.Thank you.
Replies (4)
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.
TAX LEVIED @ 5% UNDER COMPOSITION SCHEME
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.
Hello,
If cack shop sell cack in cash then how can we account it under GST.
Do we need to believe that total cash sales is inclusive of 18% GST amount and in GSTR 1 & 3B we would pay tax @ 18%.
Please advise.
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