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  1. cleartax.in › s › gst-composition-scheme-restaurantsRestaurants Under GST Composition Scheme - ClearTax

    Mar 14, 2023 · GST composition scheme rules for. restaurants. Restaurants are required to pay GST at a concessional rate of 5% on the turnover under the composition scheme subject to the following restrictions. Turnover not to exceed Rs 1.5 Crores (Rs 1 Crore in case of special category States)

  2. cleartax.in › s › gst-composition-schemeGST Composition Scheme: Rules, Turnover Limit, Rate, Benefits

    6 days ago · Know about the GST composition scheme rate, rules, limit, benefits and how to check your eligibility. Read GST Composition Scheme in detail with its merits, demerits & transition provisions.

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  4. irisgst.com › composition-scheme-under-gst-forComposition Scheme under GST for Restaurant and Hotel Services

    • Registering for Composition Scheme by Restaurants: As the turnover limit of opting for composition scheme under GST is upto Rs. 1.5 CR, hence any restaurant whose annual turnover is upto Rs.
    • Restaurants that cannot register as Composite Taxpayers: A restaurant serving alcoholic liquor of any form cannot opt for the composition scheme. A restaurant having a place of business in different states.
    • Conditions for Restaurants opting Composition Scheme: Cannot collect GST from their customers nor can they issue a taxable Tax invoice under GST. Required to issue “Bill of Supply” mentioning “Composition Taxable Person” on the same.
    • GST Rate for Restaurant Services: Restaurants opting for Composition Scheme under GST are required to pay GST at a concessional rate of 5% on the annual turnover without the benefit of ITC.

  5. cleartax.in › s › composition-scheme-under-gstComposition Scheme Under GST Explained - ClearTax

    Feb 10, 2023 · Latest Updates on composition scheme. 6th February 2023. Composition taxable persons and those interested to opt into the scheme for FY 2023-24 can do so by submitting a declaration on the GST portal in Form CMP-02 by 31st March 2023. 5th July 2022.

  6. gsthero.com › gst-on-restaurant-services-hotelsGST on Restaurants & Hotels: Composition Scheme under GST

    Feb 9, 2024 · The restaurants opting under the composition scheme has to pay GST @ 5% as against 12% or 18%. The rate of GST payable under the normal scheme is much higher than the composition scheme. GST Return Filing. The second major point which tries to cover up the above drawback is the filing of GST return.

  7. economictimes.indiatimes.com › wealth › taxWhat is composition scheme of GST, who is eligible and how to ...

    Sep 18, 2023 · The composition scheme under GST requires businesses to file GST returns on quarterly and annual basis. This is different where monthly GST return filing is mandatory. "Only two forms are to be filled by businesses under composition scheme of GST. These are GSTR-4 (annually) and GST CMP-08 (quarterly)," says Sanjay Chhabria, CA & Director ...

  8. taxguru.in › goods-and-service-tax › gst-compositionGST Composition Scheme for Restaurants - Tax Guru

    Aug 7, 2018 · 1%. Supplier of food & drinks (restaurant business) 2.5%. 2.5%. 5%. Service Providers. Supplier of services (Except supplier of food and non-alcoholic drinks) cannot opt composition scheme. Therefore, person engaged in supply of food and drinks (restaurant business) is required to pay GST at 5% (2.5 % CGST and 2.5% SGST).