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COMPOSITION RATE ABOUT SOFTDRINKS

URVI (TAX CUNSULTANT) (214 Points)

17 August 2023

we are traders of cold drinks so how many percent of the GST rate will be payable in composition registration?

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 17 August 2023

The composition levy rates under GST are as follows:

        1% of the turnover for traders and other suppliers eligible for composition scheme registration

        2% of the turnover for manufacturers apart from manufacturers of products not eligible for GST composition scheme

        5% of the turnover for restaurant services

        6% of the turnover for businesses providing services/mixed services (other than restaurant services). This is applicable from 1st April 2019 onwards.

Please check Your category...

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Tapas Samadder (384 Points)
Replied 19 August 2023

Dear sir, I suppose that Composition rate 1 % of the turnover for manufacturers, not 2%.

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 19 August 2023

Originally posted by : Tapas Samadder
	Dear sir, I suppose that Composition rate 1 % of the turnover for manufacturers, not 2%.

Are You mfg or Trader?

See my above reply with Your stands of MFG / Trader

Tapas Samadder (384 Points)
Replied 19 August 2023

I am mfg , I pay 1 % tax ? and who pay 2% on turnover?

sabyasachi mukherjee (27105 Points)
Replied 21 August 2023

Not possible.

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