How to maintain gst on restaurant bill
Ganpat Gehlot (Software Developer) (15 Points)
24 May 2017Ganpat Gehlot (Software Developer) (15 Points)
24 May 2017
rohit
(none)
(186 Points)
Replied 24 May 2017
I think it will be 2.5%+2.5%=5% (intra state supplies) available for turnover upto 50 Lakhs rupees.
Ganpat Gehlot
(Software Developer)
(15 Points)
Replied 24 May 2017
That Means. Cgst+Sgst=% Will be on Restaurant Item.. Thanks.. @ rohit
rohit
(none)
(186 Points)
Replied 24 May 2017
That will of "Turnover" in State/UT.
CGST Provides for 0.5%, 2.5% 1% so you can expect same rates in SGST Act also.
So, for restaurant 2.5%+2.5%=5% of Turnover.
You can't charge that amount in invoice to buyer.
Pay out of Pocket.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)