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gst on bakery .

Thimmappa (Accountan5) (40 Points)

23 August 2019

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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4 Replies

PRASANT BISOYI (261 Points)
Replied 23 August 2019

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.

1 Like

anmol vashisht (53 Points)
Replied 23 August 2019

TAX LEVIED @ 5% UNDER COMPOSITION SCHEME

Shivam RC (Student) (23683 Points)
Replied 24 August 2019

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.

Shiv Bhola (2 Points)
Replied 27 February 2020

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.