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

    Oct 13, 2023 · 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.

  2. 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.

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  4. 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.

  5. 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.

  6. 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)

  7. taxguru.in › goods-and-service-tax › serviceService Providers under GST Composition Scheme – An Overview

    Aug 22, 2019 · Jyoti Jain. The GST Council in its 32 nd Meeting held on 10 January, 2019 took two important decisions for the benefit of small and medium industry. One was, introduction of higher threshold limit for GST registration for supplier of goods and another was, revising the composition scheme by extending the benefit of scheme to all service providers and easing the compliance norms.

  8. taxguru.in › goods-and-service-tax › compositionComposition Scheme Under GST – Eligibility, Tax Rate, Conditions

    Oct 11, 2021 · Composition Scheme is uncomplicated and simple scheme under GST for small taxpayer. They can get relaxation from monotonous GST formalities and can also pay tax at a fixed rate of Turnover. This scheme is only applicable to those whose turnover is not exceeding Rs. 1.5 Crores. ELIGIBLITY FOR COMPOSITION SCHEME: