GST on Waffle Store

This query is : Resolved

Rajinder Goyal (Querist)
Follow

11 January 2022 Hi Sir.
Need an expert advice on the following query.

A newly opened fast food outlet offering
Freshly prepared Waffles, Pancakes ( chocolate as well non chocolate coated), Burgers, Wraps/ Rolls, Sandwiches, Shakes.

Mainly sell on Zomato and Swiggy. These portals have started imposing gst on all the customers from Jan 1.

Now all the above items attract different rates of GST, which makes it very difficult.
Average expected revenue is 5lac per month.
Can we opt for the composition ?
Means 5% on all without ITC?
And if we don't opt for the Composition (or it's not available to us), will we be entitled to ITC?
Kindly help.

Thanks & Regards.
Rajinder Goyal

B Sathyanarayanan

B Sathyanarayanan (Expert)
Follow

11 January 2022 Since your principal collects output and very well you can take Itc , but best your turnover is 5 lacs , so you better opt for Composition , so you can pay flat rate @5%