gst rate in composition scheme on tiffin services
GST rate in composition scheme on tiffin services
shweta thakur (CA Practice ) (81 Points)
12 July 2017
14 Replies
rocky
(accountant)
(953 Points)
Replied 12 July 2017
i think composition scheme is only for goods
except
restaurant owners
except
restaurant owners
debi
(GM)
(70 Points)
Replied 12 July 2017
If tiffin is being supplied, shouldn't that be goods? Please clarify
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 12 July 2017
It may be construed as composite or mixed supply which is a service. Therefore no Composite scheme.
debi
(GM)
(70 Points)
Replied 12 July 2017
Is it mixed or composite? And why would it be a service? In both cases goods supply is possible
shweta thakur
(CA Practice )
(81 Points)
Replied 12 July 2017
someone told me that one can go for composition levy u/s 10 (b)
as a service specified under para 6 (b) of schedule ll please clarify
as a service specified under para 6 (b) of schedule ll please clarify
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 12 July 2017
that's restaurant service
CA Dhruv Maheshwari
(Chartered Accountant)
(24 Points)
Replied 13 July 2017
Yes, you may opt for composition as tiffin services are covered under Schedule II Para 6 Part (b).
"(b) supply, by way of or as part of any service or in any other manner whatsoever,
of goods, being food or any other article for human consumption or any drink (other
than alcoholic liquor for human consumption), where such supply or service is for
cash, deferred payment or other valuable consideration."
It is a supply of service and 5% rate shall apply accordingly.
shweta thakur
(CA Practice )
(81 Points)
Replied 13 July 2017
My turnover is less than 20lakh. Which one is beneficial cancel the Gst registration or enter in composition scheme?
If i will cancel Gst registration then how will i prove that my firm is exist?
shweta thakur
(CA Practice )
(81 Points)
Replied 13 July 2017
My turnover is less than 20lakh. Which one is beneficial cancel the Gst registration or enter in composition scheme?
If i will cancel Gst registration then how will i prove that my firm is exist?
shweta thakur
(CA Practice )
(81 Points)
Replied 13 July 2017
My turnover is less than 20lakh. Which one is beneficial cancel the Gst registration or enter in composition scheme?
If i will cancel Gst registration then how will i prove that my firm is exist?
Sunil
(Trader)
(2611 Points)
Replied 13 July 2017
Better keep registration and opt for composition till 75 lakhs. Your consumers will have no problem dealing with you as they will not be subject to reverse charge mechanism.
debi
(GM)
(70 Points)
Replied 13 July 2017
Composition scheme is painful, unless you are targeting corporate clients.
shweta thakur
(CA Practice )
(81 Points)
Replied 13 July 2017
Dear debi
Plz clarify drawbacks of composition scheme. There are corporate clients but they are few.
debi
(GM)
(70 Points)
Replied 13 July 2017
The main drawback is that as a registered dealer you have to pay RCM but can't take credit. For detailed information just Google and see if it applies
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