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Gst rate in restaurants

zishan mandli (203 Points)

03 June 2021

what is the threshold limit for restaurants as composition????

what should be the rate if crosses threshold limit??

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 03 June 2021

For composition scheme limit is upto 1.5 crores rupees.

If limit exceeds then composition scheme is not applicable and regular scheme is applicable and regular GST registration should be taken

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kumar rajat (285 Points)
Replied 03 June 2021

Composition scheme limit - 1.50 crores
If you are registered composition scheme. Then you have to submit 5% Tax of your sale

If limit exceeds then composition scheme is not applicable and regular scheme is applicable and Tax rate - 18%