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

    Dec 20, 2020 · Composition Scheme under GST for Restaurant and Hotel Services. by Samaira Tolani in Composite Taxpayers. Publish on December 20th, 2020. For the benefit of small taxpayers, the GST Department brought out the composition scheme initiative. It is a simple and relatively hassle-free way for GST Compliance for small taxpayers.

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

    • GST Rates on Restaurant Bills (with effect from 01.10.2019) S No. Type of Restaurants. GST Rate 1 Railways/IRCTC. 5% without ITC 2 Standalone restaurants. 5% without ITC.
    • GST Composition Scheme Rules. Restaurants are required to pay GST at a concessional rate of 5% on the turnover under Composition Scheme subject to following restrictions.
    • Regular Tax Payer V/s Composition dealer. Particulars. Regular Tax Payer. Composite Tax Payer. Registration. Threshold limit – Rs. 20L. 1.5 Cr.
    • Identify Restaurant under Composition Scheme. 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.

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

    May 23, 2024 · 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.

  4. 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.

  5. taxguru.in › gst-paying-guest-servicesGST on paying guest services - Tax Guru

    Aug 11, 2019 · GST on paying guest services. Booming education and professional opportunities, has given rise to a new sub-market in the realty sector, commonly known as the Paying Guest services (hereinafter for the sake of brevity referred to as “PG services”). The trend is catching up in many cities across India, especially where educational ...

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

    4 days ago · 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.

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  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).