Charge of gst

Indirect Taxation

Sir, for restaurant service providers opted for composition scheme applicable gst rate is 5% know sir (2.5 CGST and 2.5 SGST)?

siva chaitanya

CA Final

★ 13K+

10-May-22 18:04

758

Answers (5)

Best Answer

In the question it is mentioned that the hotelier is Providing restaurant and other accommodation services. Hence, it is attracted under other service provider and the tax is 6% ( 3% being CGST and 3% being SGST)

shalu Muthukumar

CA Final

★ 1K+

10-May-22 18:26

Here they have mentioned along with restaurant accomodation service also provided so they come under other service provider.

Kiran Vijay

CA Final

★ 4K+

10-May-22 18:17

If turnover during preceeding FY does not exceed 50L then they can opt for composition scheme.

Shiva Teja

Faculty

10-May-22 18:51

Shiva Teja Faculty

If turnover during preceeding FY does not exceed 50L then they can opt for composition scheme.

But sir in the question there is no turnover limit

Thread Starter

siva chaitanya

CA Final

★ 13K+

10-May-22 19:20

Thread Starter

siva chaitanya

But sir in the question there is no turnover limit

Yeah. thats missing. We will get it inserted.

Shiva Teja

Faculty

11-May-22 18:17