srikumar (audit staff) (1203 Points)
19 March 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 19 March 2020
may opt to pay tax under COMPOSITION SCHEME (if turnover under prescribed limits)
RATE : 2.5% CGST and 2.5% SGST
any other service can be provided along with restaurant but up to 10 % of turnover in state / UT in the preceding F.Y or Rs. 5,00,000 , whichever is Higher .
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 19 March 2020
ITC is not available if opted for COMPOSITION
srikumar
(audit staff)
(1203 Points)
Replied 20 March 2020
anil jain
(Partner)
(1072 Points)
Replied 22 March 2020
it is a case of composite supply
rate applicable to prominent component which is hotel service will apply on both supply if there is single registration for both the supplies
rates are
room rent up to 1000 per day no tax
room rent 1001 to 7500 tax is 12%
above 7500 tax is 18%
if there are separate registrations for both services
then
restaurant service can be opted for 5% tax without ITC
CAclubindia
