SCROLLING MARQUEES

R.R.JAGADEESAN, GST PRACTITIONER WELCOMES YOU TO "ABHIVIRTHI" WITH LATEST UPDATES ON GST - GOODS AND SERVICES TAX ACT, IGST - INTEGRATED GOODS AND SERVICES TAX ACT, CGST- CENTRAL GOODS AND SERVICES TAX ACT, SGST - STATE GOODS AND SERVICES TAX ACT, UTGST - UNION TERRITORY GOODS AND SERVICES TAX ACT WITH NOTIFICATIONS, CIRCULARS, FORMATS, GST TAX RATES,PRESS RELEASES, HSN CODES AND OTHER INFORMATION FOR BUSINESS SECTOR AND INDUSTRIAL SECTOR AND SERVICE SECTOR, PRIVATE BANKS, PUBLIC SECTOR BANKS, PUBLIC SECTOR UNDERTAKINGS, STAKEH0LDERS, ACADEMICIANS, STUDENTS AND CHARTERED ACCOUNTANTS AND GST PRACTITIONERS WITH COMPLETE GUIDELINES FOR ONLINE REGISTRATION, ONLINE RETURN FILING, ONLINE PAYMENT AND ONLINE GENERATION OF CERTIFICATES IN GST PORTAL (www.gst.gov.in) As per the Notification No. 78/2020 dated 15th Oct 2020, the tax payers, having Aggregate Annual Turn Over (AATO) above Rs 5 Crore, shall use atleast 6 digit HSN code in the e-Invoices and e-Waybills and other tax payers shall use atleast 4 digit HSN code in E-Invoices and E-Way Bills with effect from 1st October, 2023.-----GSTR-2B WILL BE AVAILABLE IN THE AFTERNOON OF 14TH AS ITS GENERATION COMMENCES AFTER END OF DUE DATE OF GSTR-1/IFF FILING ON 13TH TAXPAYERS MUST FURNISH 4 DIGIT HSN CODES AND 6 DIGIT HSN CODES IF THE AGGREGATE TURNOVER IN THE PRECEDING FINANCIAL YEAR IS BELOW RUPEES 5 CRORES AND ABOVE RUPEES 5 CRORES RESPECTIVELY AND 8 DIGIT HSN CODES IF THE GOODS ARE EXPORTED IRRESPECTIVE OF QUANTUM OF TURNOVER THANK YOU VERY MUCH FOR YOUR VISIT AND BOOKMARKING THIS BLOGSPOT FOR FREQUENT VISITS-----SHARE THE ARTICLES WITH YOUR COLLEAGUES AND FRIENDS USING PRINT FRIENDLY OPTION AVAILABLE ON THE RIGHT SIDE-----TO VIEW MORE ARTICLES PLEASE VISIT AGAIN AND AGAIN. ABHIVIRTHI R.R.JAGADEESAN அபிவிருத்தி R.R.ஜெகதீசன் अभिविरथी R.R.जगदीसन
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THE BACKGROUND IMAGE IS THE AERIAL VIEW OF ARULMIGU MEENAKSHI AMMAN TEMPLE MADURAI TAMIL NADU INDIA WELCOME TO TAMIL NADU ABHIVIRTHI அபிவிருத்தி अभिविरथी
ABHIVIRTHI R.R.JAGADEESAN அபிவிருத்தி R.R.ஜெகதீசன் अभिविरथी R.R.जगदीसन
PLEASE CLICK "GST RETURN DUE DATES" TO VIEW THE LAST DATE OF FILING OF GST RETURNS IN INDIA----PLEASE CLICK "GST IN INDIA" TO VIEW ACTS AND RULES, GST TAX RATES, CIRCULARS, CLARIFICATIONS, NOTIFICATIONS, FORMATS, HSN CODES ETC
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PLEASE CLICK "STATE WEBSITES" AND VIEW THE GST WEBSITES OF ALL STATES AND UNION TERRITORIES IN INDIA AND CENTRAL GOVERNMENT BY CLICKING THE RELEVANT LINK

Wednesday, July 12, 2017

Rate of Tax for Hotels and Restaurants (Food items served and parcel) under GST in India

RATE OF TAX FOR FOODS IN HOTELS AND RESTAURANTS


The Goods and Services Tax Act, 2017 came into force with effect from 1.7.2017.



The restaurants will attract different rates of tax according to the facility available and the rates of taxes for food items will attract as shown below:

Details
Restaurants paying tax at compounded rates (without input tax credit)
CGST @ 2.5% and SGST @ 2.5% has to be paid without collecting from customers
Restaurants with no air condition facility in any part and not serving liquor

Restaurants with partial air conditioning or fully air conditioning
(Or)
Serving liquor
(Non AC restaurants serving no alcohol)
(AC restaurants
or
restaurants
serving alcohol)
CGST
SGST
CGST
SGST
CGST
SGST
Food items served at the premises
--
--
6
6
9
9
Parcel cooked as per order
--
--
6
6
9
9
Parcel of pre-packed namkeens sold in restaurants
--
--
6
6
6
6
Parcel of pre-cooked namkeens sold in restaurants
--
--
6
6
6
6

No restaurant can charge GST at 28 per cent on food items.

Composition Scheme

·       Whose aggregate turnover in the preceding financial year did not exceed seventy  five lakh rupees.

Rate of Tax for Restaurants: 5% (CGST 2.5% + SGST 2.5%)
under Composition Scheme: 


·       He cannot charge the GST on invoice i.e. tax can’t be mentioned on the invoice and collected from the buyer.
·       Can not avail any tax credit
·       No inter-State outward supplies of goods;
·       Not providing any supply of services
·       Not engaged in supply of Non GST Goods



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