gst on bakery .


Thimmappa (Accountan5)     23 August 2019

Thimmappa
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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.

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PRASANT BISOYI   23 August 2019

PRASANT BISOYI

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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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anmol vashisht   23 August 2019

anmol vashisht

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TAX LEVIED @ 5% UNDER COMPOSITION SCHEME

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Shivam RC (Student)     24 August 2019

Shivam RC
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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.


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