Hi,
Can small cafe business get benefit of composite business ? Process to get new GST number for the same ?
2 Replies
CA Harish Palani
(Chartered Accountant )
(8 Points)
Replied 06 August 2024
Hi,
The cafe can be considered as Restaurant, Thus it can be registered under composition scheme as per Section 10. The rate of gst is 5% (CGST-2.5% SGST- 2.5%). The Aggregate turnover should not exceed Rs.1.5 crores in the Financial year.
CA Harish Palani
(Chartered Accountant )
(8 Points)
Replied 06 August 2024
Hi,
The cafe can be considered as Restaurant, Thus it can be registered under composition scheme as per Section 10. The rate of gst is 5% (CGST-2.5% SGST- 2.5%). The Aggregate turnover should not exceed Rs.1.5 crores in the Financial year.
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