TaxTMI 
TaxTMI 
TaxTMI 
problems related to composition scheme and theater exhibitor food & beverages sales
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....roblems related to composition scheme and theater exhibitor food & beverages sales<br> Query (Issue) Started By: - npp suresh Dated:- 24-11-2017 Last Reply Date:- 4-12-2017 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Dear sir, . 1) one of the my client was obtained gst certificate under composition scheme, he is selling exempted goods as well as taxable goods also, my doubt is what is....
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.... the payable turnover in this case, he can pay 1% on taxable turnover or exempted & taxable turnover also. There is any changes in after 23rd council meeting before that ( I have known the aggregate turnover of composition dealer means: 1) Turnover of all taxable supplies 2) Turnover of Exempted Supplies 3) Exports made by all person with same PAN But Excludes: inward supplies under reverse ....
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....charge.) 2) another one is my client running cinema theater as an exhibitor, he is supplying food and beverages in Non-Air conditioner Counter how much gst tax rate on food & beverages he can collect and pay the government. ( food and beverages both are same rate of tax or not) Pl reply as early as possible sir., Reply By ANITA BHADRA: The Reply: Dear Sir The rates specified for composite tur....
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....nover are only for taxable supplies made by the taxpayer. Exempted goods are to be excluded while calculating tax,. Reply By ANITA BHADRA: The Reply: a uniform 5 per cent GST will be charged on food bill in both air-conditioned and non-AC. Reply By npp suresh: The Reply: Dear Madam, Thanq for u r reply, 1) I couldn't see what is the turnover of composite dealer have to pay tax in any a....
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....ct book (Aggregate turnover or Turnover) If aggregate turnover taken as registration under composition purpose i will agree with u madam. 2) I know after 23rd council meeting restaurant tax rate changed to 18% to 5% both Ac and Non Ac without ITC Except 5 star Hotels but my doubt is theater and amusement park etc., are also treated as like restaurant or not. Reply By Ganeshan Kalyani: The Reply:....
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.... Answer to query 2- in my view 18% tax will be levied. Reply By Kishan Barai: The Reply: Respected Sir, Theater and amusement park are not treated as a restaurant, moreover, if any restaurant agrees for 5% GST then it would not be eligible for ITC.<br> Discussion Forum - Knowledge Sharing ....