banner_ad

Query about gst registration

Registration 279 views 2 replies

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details