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  2. Mar 14, 2023 · 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. Feb 9, 2024 · Being a customer, it is important to identify the GST for restaurants if the same is registered under the composition scheme or not. Notably, the restaurants opted under the composition scheme is not allowed to collect tax from the customer.

  4. 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).

  5. Oct 12, 2023 · Restaurants under the GST Composition Scheme. Shreya Patel. 12 Oct, 2023. The GST composition plan is a method of paying taxes available to small enterprises. The composite scheme offers two key advantages over standard GST filing: less paperwork and compliance and lower tax burden.

  6. Jun 15, 2017 · So Mr. A is not eligible for composition scheme only for showroom also. b) Restaurant services are eligible for the composition scheme. Hence Mr. A is eligible for Composition Scheme. c) Yes, Mr. A is eligible for composition scheme as turnover of his firm does not exceed Rs. 75 lakh in the preceding F.Y. Q. Mr. A is dealer who is selling goods ...

  7. Dec 20, 2020 · 7. Identification of Composition Scheme restaurant: Restaurants registered under the composition scheme cannot issue regular GST invoice but will have to issue a bill of supply. In a Bill of Supply, the only rate per quantity, quantity and the taxable value is to be mentioned.