Rates of composition scheme

Rates of composition scheme

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1% for manufacturers 2.5% for restaurant .5% for others

Answered on June 11, 2017.
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As per section 10 of CGST Act, 2017, a registered person may opt to pay in lieu of the tax payable by him, an amount calculated by the following rates(max): 1% of turnover in case of manufacturer, 2.5% of turnover in case of restaurant services, 0.5% of turnover in case of other suppliers.

Answered on June 11, 2017.
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It is worth highlighting that there shall be equivalent rate of SGST, so total GST payable under composition scheme would be double of the rates as mentioned in my earlier post i.e effective rates would be 2%, 5%, 1% respectively.

Answered on June 11, 2017.
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Gen GST