Gst Registration For Restaurants

By Author: Sumit Biswas
Total Articles: 24
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GST Restaurant registration is more vital than ever. The reason for this is that the restaurant industry is booming. Food startups such as Zomato and Swiggy have provided significant support. As a result of the increased trade, the government charges various taxes.

In this post, we'll look at how to register for GST for restaurants. Furthermore, we will learn about several necessary and optional restaurant registrations that can greatly benefit your business.

What is GST Registration?

GST is a type of tax imposed on goods and services under the GST law of 2017. It is mandatory for everyone with a business turnover of more than Rs. 40 lakh.

In other words, The Goods and Services Tax (GST) is an example of an indirect tax. The central GST and the state GST, referred to as the CGST and SGST, respectively, combine to enforce GST.

The major purpose of this tax system is to prevent additional indirect taxes from cascading. For example, the GST on electricity eliminates other indirect taxes such as service tax, excise duty, VAT, and so on.

Hence, GST Registration ...
... /strong> also applies to Restaurants or food business in India.

What are the mandatory documents for GST Registration for Restaurants?

You will need the following documents for registering under GST for restaurant business –

Firstly, Scanned copies of photo of the owner/proprietor of the restaurant

Secondly, Picture of the managing partner/designated Partner in case of partnership firm

Furthermore, If you are the owner of the property, ownership documents such as electricity bill, tax receipt/property receipt, or registry documents will be required.

In case property is on rent, then you also need to provide a copy of your rent agreement/lease agreement, along with the electricity bill, in the name and signature of the owner.

You will also have to submit the copy of NOC (No Objection Certificate) from the owner in case of rented property.

Other documents required may include bank bare-Scanned bank statement/bank Passbook scan copy or canceled cheque containing Name and bank account number, MICR, IFSC, Branch details etc.

What are GST Tax Rates for Restaurants?

The GST Tax rates are different for each restaurant model. There are three most common ones are as follows.

To know about these information in detail GST Registration for Restaurants
.