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)
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 Topic
- Reporting in TIS
- Recharge employee cost
- Einvoice clarification - RCM
- ITR-1 Professional Tax and deduction data field ke
- SFT-005 No FD done..still ICICI reported 24 lakhs
- Tax in dubai
- Refund of GST paid in case of customer defaulting
- How to mention Debt fund STCG in ITR2
- Income tax payment on RBI 7.75% Savings (Taxable)
- Can input claim on purchase of Motor Bike.
Related Topics
CAclubindia
