Gst rate for composite dealers

Rate / HSN codes 302 views 6 replies

One of my friend is ophthalmologist and he is having eye care. He also sell the spectacles under regular GST scheme. He wants to know..

1. What is rate of GST?

2. What is limit for composite scheme?

3. Can he convert regular to scheme mid year of FY?

Replies (6)

Any Inter-state Sale ?.   

No. there is a inter state purchase.

1)     GST rate                                                                cgst                      sgst                            Total 

   Manufacturer  & Traders                                         0.5 %                     0.5  %                         1 %

  Restaurants not  serving  alcohol                              2.5  %                    2.5%                           5% 

  Others  service  provider's                                         3%                          3%                             6% 

 

2)  1) Limit  is 1.5  crore  (subject  to conditions ) 

      2) For  other service providers 50 lacs  (subject to conditions) 

 

3)  You can  not  opt  composition scheme in  mid  year . 

 

please confirm with others also. 

 

 

https://cleartax.in/s/gst-composition-scheme  also  check out  this link  .

 

Also Please refer on CBIC web site /  GST /  Notification 2  /2019- (central  Tax rate ) dt  7th march 2019  -composition scheme for Service provider . 

If he opt for composition scheme, He can still buy goods from out side the state? 


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