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of <h1>GST Composition Scheme: Tax Rates Detailed for Suppliers (1%), Manufacturers (2%), and Restaurants (5%)</h1> The composition scheme under GST provides different tax rates for various sectors. For suppliers of goods, the rate is 0.5% of the turnover within a State or Union territory. Manufacturers opting for the scheme are taxed at 1% of their turnover. For restaurant services, the rate is 2.5%. These rates are applicable under both the Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST)/Union Territory Goods and Services Tax (UTGST) Acts, resulting in effective combined rates of 1%, 2%, and 5% for suppliers, manufacturers, and restaurant services, respectively.
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