one of my friend doing non AC restaurant business
he was regular up to September and after that he took composition under GST.
he want to file return which tax rate is applicable for him?
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rate of tax
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If composition scheme is opted, gst payable is 5% on outward supplies.
As per Notification No. 46/2017-Central Tax (Rate), dated 14th November 2017, standalone restaurants will charge only 5% GST but cannot enjoy any ITC on the inputs
As per Notification No. 46/2017-Central Tax (Rate), dated 14th November 2017, standalone restaurants will charge only 5% GST but cannot enjoy any ITC on the inputs
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