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Gst rate in restaurants

zishan mandli (203 Points)

03 June 2021

what is the threshold limit for restaurants as composition????

what should be the rate if crosses threshold limit??

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CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 03 June 2021

For composition scheme limit is upto 1.5 crores rupees.

If limit exceeds then composition scheme is not applicable and regular scheme is applicable and regular GST registration should be taken

kumar rajat (285 Points)
Replied 03 June 2021

Composition scheme limit - 1.50 crores
If you are registered composition scheme. Then you have to submit 5% Tax of your sale

If limit exceeds then composition scheme is not applicable and regular scheme is applicable and Tax rate - 18%

Veera Veera (253 Points)
Replied 03 June 2021

If limit crossed 1.5 Crores: Restaurants can opt for 5% without ITC right ?

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 03 June 2021

Yes 5% GST is applicable

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 03 June 2021

It's 5% tax without itc. No limit on turnover

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