GST composition rates
Jyothsna Priya Kanchumarthy (192 Points)
23 October 2018
What are the rates for composition scheme??
9 Replies
Bhanu
(hyderabad)
(1653 Points)
Replied 23 October 2018
a) manufacturer and trader=1%
0.5% cgst and 0.5% sgst
b) restaurent services - supplier of food and drinks ,not surving alcohol =5%
2.5%cgst and 2.5% sgst
0.5% cgst and 0.5% sgst
b) restaurent services - supplier of food and drinks ,not surving alcohol =5%
2.5%cgst and 2.5% sgst
Jyothsna Priya Kanchumarthy
(192 Points)
Replied 23 October 2018
Thank you and turnover limit is 1Cr and 75Lacs right? Is there any amendment in this??
Jyothsna Priya Kanchumarthy
(192 Points)
Replied 23 October 2018
Thank you and are there any important amendments made??
Hitesh
(Student)
(3549 Points)
Replied 23 October 2018
No amendments. GST council has proposed to increase to 1.5 crores but the same is yet to be notified
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