Everything you need to know about GST - rates, input tax credit, composition scheme, invoicing, and filing. Updated for 2024.
Every GST invoice must contain these elements:
Outward supplies (sales)
Due: 11th of next month
Summary return with tax payment
Due: 20th of next month
Annual return
Due: 31st December
Composition scheme (if applicable)
Due: Quarterly
Most standalone restaurants charge 5% GST without ITC. If your restaurant is inside a hotel with room tariff ₹7,500 or above, you charge 18% with full ITC. For outdoor catering, it is always 18%.
ITC lets you offset GST paid on purchases against GST collected. At 5% GST, you cannot claim ITC. At 18%, you can. If your input costs are high (rent, equipment), 18% with ITC might be better.
Yes, if turnover is below ₹1.5 Crore. You pay 5% on turnover (1% for manufacturers). Simpler compliance but no ITC and cannot collect GST from customers.
Aggregators deduct TCS (Tax Collected at Source) at 1%. You still charge 5% GST to customers. Reconcile TCS in your GSTR-3B.
Yes! GST must be shown separately on invoice. You can show inclusive price but breakup of taxable value and GST must be clear.
DineOpen automatically calculates GST, generates compliant invoices, and creates filing-ready reports.