A stand alone Restaurant will have annual sales Rs. 1.40 Crore. It is charging 5% GST in bills. No ITC taken.
What GSTR Return to be filed?
Will it come under Composition Scheme?
Returns Monthly or Quarterly?
Menu
Restaurants GST Filing Forms
Replies (7)
Have you opted composition scheme .?.
all restaurant - 5% no ITC
restaurant within hotel tariff less than 7500 - 5% no ITC
restaurant within hotel tariff more than 7500 - 18% with ITC
outdoor catering - 18% with ITC
I hope this will be helpful for u
restaurant within hotel tariff less than 7500 - 5% no ITC
restaurant within hotel tariff more than 7500 - 18% with ITC
outdoor catering - 18% with ITC
I hope this will be helpful for u
We have not opted for Composition scheme.
restaurant tariff charge plz if Ur tariff charge is less than 7500 than u go for composition scheme other wise go for regular
But if we go for Composition, we can not collect GST in Invoices. Whether Regular or Composition, both cases we can not take ITC.
if u r regular scheme than u can definitely avail to claim for ITC
If your regular type, then you have to issue tax invoice and output gst is to collected.
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
