Restaurants and halwais with turnover up to Rs. 50 lakh may pay 5% composition tax under specified conditions. Registered dealers exclusively selling ready-to-eat foods and non-alcoholic beverages with preceding and expected turnover not exceeding fifty lakh rupees may opt for a 5% composition tax subject to conditions: no inter-state dealings, restricted purchases, prohibition on claiming input tax credit, inability to issue tax invoices or collect tax, and retention of purchase and retail invoice records. Opt-in requires Form RH01; opening stock must be declared and taxed via Form RH02. Exceeding the turnover threshold or defaulting on returns triggers liability under the general tax regime and conditions for claiming opening stock credit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Restaurants and halwais with turnover up to Rs. 50 lakh may pay 5% composition tax under specified conditions.
Registered dealers exclusively selling ready-to-eat foods and non-alcoholic beverages with preceding and expected turnover not exceeding fifty lakh rupees may opt for a 5% composition tax subject to conditions: no inter-state dealings, restricted purchases, prohibition on claiming input tax credit, inability to issue tax invoices or collect tax, and retention of purchase and retail invoice records. Opt-in requires Form RH01; opening stock must be declared and taxed via Form RH02. Exceeding the turnover threshold or defaulting on returns triggers liability under the general tax regime and conditions for claiming opening stock credit.
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