Query about gst registration

Hello Everyone!,

I run a fast food restaurant ( Quick Service Restaruant ) non AC . My turnover for since inception of business ( 5 years ) has been less than 30 lakhs. I have not ben paying any tax other than Income tax as its a proprietory business . My major expenses come in form of Salaries, Groceries and Utilites.

I would like your suggestions if I should register under Compounding Scheme and pay 5% GST and forgo the Input tax Credit or register under  the  regular scheme of 12% applicable for non ac restaurants.

Thanks in Advance

Veeru

Replies (2)

You should register yourself in composition scheme as will pay less tax as compare to normal rate and as per your question there is not much items for which you have to pay gst so that you can claim the input credit.So it is advisable to opt for composition scheme

Thank you very much!yes

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details