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    • Taxability of Restaurants Under GST Composition Scheme
      • Restaurants can opt for the composition scheme if their turnover is up to ₹1.5 crore. Under this scheme, the GST rate is 5%, but they cannot avail of the input tax credit. This simplified scheme helps small restaurant businesses by reducing their tax compliance burden.
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      Taxability of Restaurants Under GST Composition Scheme

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

    Mar 14, 2023 · Restaurants opting for the composition scheme must mention the words “composition taxable person, not eligible to collect tax on supplies” on the top of the bill of supply. They must also mention the words ‘composition taxable person’ on every notice or signboard prominently displayed at their place of business.

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

    May 28, 2024 · Can I opt for the composition scheme in one year and opt out in the next year? Yes, this is possible. You can opt to switch between the composition scheme and the normal scheme based on your turnover.

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

    • Registration Requirement Under GST Composition Scheme For Restaurants
    • Conditions For Registration Under GST Composition Scheme
    • Rates Under GST Composition Scheme For Restaurants
    • Return Filing Under GST Composition Scheme For Restaurants
    A person engaged in the supply of food and non-alcoholic drinks for human consumption (Restaurants business) with a turnover of less than 100 Lakhs are entitled to registration under the GST Compos...
    However, the turnover limit for the restaurants in the states of Assam, Arunachal Pradesh, Himachal Pradesh, Mizoram, Manipur, Meghalaya, Nagaland, Sikkim and Tripura shall not exceed Rs.75 Lakhs i...

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    The following conditions must be satisfied by the restaurants for registration in the composition scheme: 1. The person engaged in the supply of food and drinks (other than alcoholic drinks) is not running a temporary or a seasonal restaurant. 2. Whenever the person engaged in restaurant service procures goods and services from an unregistered pers...

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    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). While computing the threshold limit of 100 lakh, inclusions in and exclusions from ‘aggregate turnover’ are as follows:

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    A person engaged in Restaurant business can pay tax under GST normal provisions without opting GST composition schemeand have to file monthly GST returns. On contrary, restaurants opting composition scheme will have to file GST returns quarterly in Form GSTR-4 on the common GSTN portal by the 18th of the month following the quarter. For an example,...

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  7. cbic-gst.gov.in › pdf › faq-manualFrequently Asked Questions on Composition Levy

    Following persons are not allowed to opt for the composition scheme: a) a casual taxable person or a non-resident taxable person; b) c) d)

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

    How can a taxpayer opt for composition scheme? To opt for composition scheme a taxpayer has to file GST CMP-02 with the government. This can be done online by logging into the GST Portal. This intimation should be given at the beginning of every Financial Year by a dealer wanting to opt for Composition Scheme.

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

    Dec 20, 2020 · 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. 1.5 CR is eligible to be registered under the GST Composition Scheme.

  10. enterslice.com › composition-scheme › restaurantsRestaurants Under GST Composition Scheme - Enterslice

    Oct 12, 2023 · Rules of composition scheme for restaurants. Turnover of not more than Rs. 1.5 crores (Rs. 1 crore in the case of States under the special category). Should not perform any services outside those of a restaurant (with the exception of exempt and interest-related services). Restaurants are prohibited from making interstate outward supply of goods.