The GST rate for a hotel under composition
Hotels that opt for the composition scheme under GST (Goods and Services Tax) are subject to a flat rate of 6% on their turnover. This rate is applicable to both AC and non-AC restaurants, as well as hotels and lodges with a room tariff of up to Rs. 1,000 per day.
It is important to note that hotels and lodges that opt for the composition scheme cannot claim input tax credit (ITC) on their purchases. Additionally, they cannot issue tax invoices or collect tax from their customers. Instead, they are required to issue a bill of supply.
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The composition scheme is a simpler and more convenient option for small businesses with an annual turnover of up to Rs. 1.5 crore. However, it is important to evaluate the benefits and drawbacks of the scheme and determine whether it is the right choice for your business.
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