gst on bakery .


Accountan5

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.
 
Reply   
 

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.

Total likes : 1 times

 
Reply   
 

TAX LEVIED @ 5% UNDER COMPOSITION SCHEME
 
Reply   
 

GST Certification Course


Student

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.
 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU