Regarding GST on Restaurant

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Accountant
647 Points Posted on 17 November 2021
Sir I want to open the restaurant and want to pay the GST @ 5%So I want to know that can I take the GST in composition scheme or regular.please guide me Thanks.
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On 17 November 2021 at 21:11 Report
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Quick Summary
This discussion explores the Goods and Services Tax (GST) options for new restaurant owners, specifically comparing the composition scheme and the regular scheme. While the composition scheme offers simplified filing, practical considerations like platform acceptance (Swiggy/Zomato) and the fact that the regular scheme also has a 5% GST rate for restaurants are highlighted. The advice leans towards opting for regular registration due to these factors.

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12 Points Posted on 17 November 2021
Hai There,

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On 17 November 2021 at 22:51
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Chartered Accountant
24588 Points Posted on 18 November 2021
Under composition scheme
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On 18 November 2021 at 05:57
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12 Points Posted on 18 November 2021
In practical, Platforms like Swiggy and Zomato are not accepting restaurants with composition scheme.
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On 18 November 2021 at 08:08
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GST Consultant
15986 Points Posted on 18 November 2021

In regular scheme also the rate is 5% on restaurants. So you should take regular registration

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On 18 November 2021 at 08:14
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Profession
28271 Points Posted on 18 November 2021
Composition scheme was introduced by
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On 18 November 2021 at 08:56
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435 Points Posted on 18 November 2021
U can adopt composition scheme..........
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On 18 November 2021 at 13:59
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Profession
28271 Points Posted on 18 November 2021
Composition scheme was introduced to mitigate some complications of filing returns. The scheme enables petty taxable person for taking registration.
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On 18 November 2021 at 19:07

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