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

    Mar 14, 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 (a) The due date of GSTR-4 for FY 2021-22 is further extended by a late fee waiver up to 28th July 2022 vide Notification 12/2022 dated 5th July 2022.

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

    Dec 20, 2020 · 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. But where restaurants/catering services are provided in Hotels with tariff up to Rs. 7,500 this concessional rate shall not be available.

  3. 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.

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

    May 23, 2024 · A taxpayer whose turnover is below Rs 1.5 crore* can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh. As per the CGST (Amendment) Act, 2018, a composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher.

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

    May 28, 2024 · Further, the government introduced a separate composition scheme on 31st March 2022 for the manufacturers of bricks, including building bricks, bricks of fossil meals or similar siliceous earths, earthen or roofing tiles, and fly ash bricks and blocks. Those who have opted in can pay a special rate of tax at 6%, without input tax credit.

  6. 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).

  7. taxguru.in › goods-and-service-tax › gst-compositionComprehensive Guide to GST Composition Scheme for Small ...

    Aug 5, 2023 · Designed to simplify GST compliance and reduce the associated costs, this alternative scheme is an effective solution for small taxpayers with turnover up to a specific limit. This comprehensive guide provides a detailed overview of the Composition Scheme, including its eligibility, conditions, rates, advantages, and more. Page Contents.