Please help. Composition rate?
Ankush (Student) (1369 Points)
19 June 2017
Please share composition rates for restaurants? Also share for manufacturers and others? Thank you.
5 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 19 June 2017
please refer to - https://www.cbec.gov.in/resources//htdocs-cbec/gst/revised_threshold_for_composition_scheme_11.06.2017.pdf
lokhande mahadev
(99 Points)
Replied 19 June 2017
[a] one per cent. of the turnover in State or turnover in Union territory in case of a manufacturer,
[b] two and a half per cent. of the turnover in State or turnover in Union territory in case of persons engaged in making supplies referred to in clause
[b] of paragraph 6 of Schedule II, and [c] half per cent. of the turnover in State or turnover in Union territory in case of other suppliers, subject to such conditions and restrictions as may be prescribed:
[b] two and a half per cent. of the turnover in State or turnover in Union territory in case of persons engaged in making supplies referred to in clause
[b] of paragraph 6 of Schedule II, and [c] half per cent. of the turnover in State or turnover in Union territory in case of other suppliers, subject to such conditions and restrictions as may be prescribed:
Lalit Nagpal
(Assistant Manager)
(541 Points)
Replied 19 June 2017
1% of turnover, in case of a manufacturer
2.5% of the turnover in case of restaurant services
0.5% in case of others
rates are of CGST in addition to above SGST will be also be payable at same rate.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 19 June 2017
2% for manufacturer(except of ice cream , tobacco ,pan masala) 5% for restaurant sector & 1% for others.
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