Composition Scheme for Resorts
Rathan D Gowda (16 Points)
05 May 2022
Can I opt for Composition Scheme the nature of Business is resort.
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14811 Points)
Replied 05 May 2022
Refer Notification 2/2019 central Tax (Rate) dated 7/3/2019 , check applicable to you or not , it's Composition scheme with 6% GST rate .
sabyasachi mukherjee
(27613 Points)
Replied 06 May 2022
Composition scheme for resorts is not beneficial they cannot take input tax credit. Resort entails a huge amount of capital expenditure.As a result of the fact the same is not beneficial. Regular scheme registration is beneficial.
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