22 August 2018
1. what is hsn code for catering business 2.can i apply composition scheme on catering business 3. if not apply , what is the rate of tax of gst
23 August 2018
-HSN Code is 9963. - Off course you can apply for composition scheme. But the composition scheme comes with various restrictions like non supply of liquor, non collection of taxes from customer, no credit to customer, limit of turnover, no inter state supply etc. Further you need to pay GST @5%. - It is far more easier to pay GST normally, at the rate of 5%. The only condition is that you shall not take input credit. It is better to avail this rate without credit rather than going to composition scheme.
CAclubindia
