Dear sir main ek naya restraunt khol Raha hu aur main gst registration lena chahta hu main kis rate se gst pay karunga mere restraunt me fast food hai aur hukka hai
mere liye restraunt me normal aur composition scheme me kaun si scheme best rahegi
Menu
Restraunt under in gst
Replies (4)
Quick Summary
In case of Restraunt -In Normal Scheme rate is 18% with ITC
In Composition scheme rate is 5% without ITC
As per my View, composition scheme is best / beneficial for restaurant, if you are mostly supplying to the unregistered person.
In Composition scheme rate is 5% without ITC
As per my View, composition scheme is best / beneficial for restaurant, if you are mostly supplying to the unregistered person.
Thanku sir
In purchase of hookah there will be 28%gst +72% cess that is it is a specified tobacco product so if u take 5%scheme u will not be able to get ITC on all things whether it be hookah inputs or restaurant inputs I would say if hookah is supplied in very small quantity then take composition scheme but if it is large then take normal scheme for itc
In your case, the scheme of 5% GST is more beneficial.
Recent Topics :
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
Related Topics :
CAclubindia
