what is the tax rate for restaurant in composition scheme
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Tax rate
Replies (3)
2.5% (CGST)+ 2.5% (SGST) = 5%
Hi !
Restaurants are required to pay GST at a concessional rate of 5% on the turnover under Composition Scheme subject to following restrictions
Turnover not to exceed Rs 1.5 Crores (Rs 1 Crore in case of special category States)
Should not be engaged in any services other than restaurant (special exception carved out for services like interest and exempt services)
Restaurant cannot make inter-state outward supply of goods
Cannot supply any items exempt under GST.
They cannot supply goods through an e-commerce operator
Restaurants cannot avail any input tax credit
They cannot collect taxes from the customer
Regards
KAAMIL AHAMADH (AR-RAHMAN EFILING)
Restaurants are required to pay GST at a concessional rate of 5% on the turnover under Composition Scheme subject to following restrictions
Turnover not to exceed Rs 1.5 Crores (Rs 1 Crore in case of special category States)
Should not be engaged in any services other than restaurant (special exception carved out for services like interest and exempt services)
Restaurant cannot make inter-state outward supply of goods
Cannot supply any items exempt under GST.
They cannot supply goods through an e-commerce operator
Restaurants cannot avail any input tax credit
They cannot collect taxes from the customer
Regards
KAAMIL AHAMADH (AR-RAHMAN EFILING)
5% Gst is the tax rate for restaurant in composition scheme
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