Restaurant services (non-AC) Clothing and footwear > ₹1,000 28% Luxury items and services High-end automobiles Consumer durables like ACs and refrigerators Tobacco and tobacco products Hotel accommodations > ₹7,500 Special Rates Unique rates for specific categories ...
2. A Composite dealer(in goods) shall be allowed to supply services(other than restaurant services), for a value not exceeding - Higher of 10% of turnover in the preceding financial year, or Rs. 5 lakh.(参考CGST修订Section 10 – Composition Scheme) 3. The threshold limit of Turnover fo...
2% - For Manufacturers: GSTIN has lowered the rate for manufacturers to 1% 5% - For Restaurant Sector 6% - For Suppliers of Services or Mixed Suppliers) The Composition Scheme Under India GST Apply Composition Scheme under GST Click here for free trial Conclusion Under GST Act, the main reaso...
Also, there were several GST compliance changes including a new advisory regarding the reporting of taxable supplies of restaurant services among other important updates. Get all the information here: Top GST News of the month. While it’s the new year, we still need to take care of our GST...
Also, there were several GST compliance changes including a new advisory regarding the reporting of taxable supplies of restaurant services among other important updates. Get all the information here: Top GST News of the month. While it’s the new year, we still need to take care of our GST...
GST on Restaurant Services GST on Restaurant Services The Goods and Service Tax commonly known as GST subsumed 17 indirect taxes including cess as well and implements a single and uniform tax regime all across the nation. According to a recent restaurant industry research, the size of the food ...
Composition Scheme for Small Business and Services Suppliers The scheme envisaged for the small businessmen who are a supplier of goods and restaurant services. In this, business with turnover up to Rs. 1.5 crore required to pay taxes equal to 1–5% on the turnover and required to make quart...
Services Accounting Code (SAC) in GST The SAC code is a concept similar to that of HSN. The SAC code is a similar concept to the HSN code. SAC stands for Service Accounting Codes, and it is a one-of-a-kind code used in India underneath the GT regime for the identification, evaluatio...
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Yes, ITC can be claimedGST on hotelservices if the hotel charges SGST and CGST, and it’s located in the same state as the business traveller or the company. However, ITC on in-house restaurant charges (5% GST) is not allowed. ...