Menu
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.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
