Gst
This query is : Resolved
05 April 2018
Dear Sir,,
One my friend is running hotel , where he sells food items such as rice, meat, sweets etc.Whether he will be required take gst registration. Whether he can opt composition scheme
One my friend is running hotel , where he sells food items such as rice, meat, sweets etc.Whether he will be required take gst registration. Whether he can opt composition scheme
05 April 2018
If the T.O. exceeds Rs. 20 Lacs, then only registration is required. The restaurant industry already comes under composition and the rate of tax is 5% and you can not claim Input Tax Credit. (Except for starred hotels where room tariff is Rs. 7500 or above, the rate of Gst is 18% with availability of ITC)
05 April 2018
Sir , I have heard, gst rate for composition scheme is 1% whether it is correct
05 April 2018
Sir , I have heard, gst rate for composition scheme is 1% whether it is correct
05 April 2018
no. for hotels it is 5%....please refer https://cleartax.in/s/composition-scheme-under-gst
Message likes :
1 times
06 April 2018
Rate of GST under Composition scheme is as under;
1% is for Traders, 2% is for Manufacturers & 5% is for restaurants.
1% is for Traders, 2% is for Manufacturers & 5% is for restaurants.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
