GST Composition Scheme Now Available for Cloud Kitchens & Takeaways

Attention all food entrepreneurs! 🍽️ If you're operating a cloud kitchen or a takeaway service, there's good news on the tax front.

✅ Eligibility for GST Composition Scheme:

• Turnover Limit: Businesses with an annual turnover up to ₹1.5 crore can opt in.
• Tax Rate: Pay a flat 5% GST (2.5% CGST + 2.5% SGST).
• Simplified Compliance: Enjoy reduced paperwork and easier tax filing.

📌 Key Points to Note:

• Classification: Cloud kitchens and takeaways are considered "restaurant services" under GST.
• Input Tax Credit: Not available under the Composition Scheme.
• Multiple States: If operating in multiple states, separate registration is required for each.
• Exclusions: Businesses dealing with ice cream, pan masala, or tobacco are not eligible.

Stay compliant and make the most of the benefits available to your business! 💼