Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Easy Office

LCI Learning

Can restaurants serving liquor claim 100% itc ?

Megha Choudhary (Management Trainee) (541 Points)

26 April 2022

Can restaurants serving liquor claim 100% itc ?

Reply
Follow
Share

5 Replies

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 26 April 2022

No...

sabyasachi mukherjee (26189 Points)
Replied 27 April 2022

Regular scheme registration
input tax credit is possible only when there is a valid tax bill and there are other aspects.

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 27 April 2022

Supply of liquor is Non taxable supply , & In term Section 17(2) R/w rule 42 ,the credit of ITC restricted to ITC attributable to Taxable Supply. Hence need to reverse ITC in proportion to supply of liquor.

Eg : ITC on purchase of Glass need to be reversed in which liquor has been served.

(Kindly refer Rule 42 & 43 )

sabyasachi mukherjee (26189 Points)
Replied 01 May 2022

Liquor and fuel both are not subject to gst. It's a taxable supply.

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 01 May 2022

yes, not under the purview of gst hence not taxable in GST.

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

5th Live Batch for Basic and Advanced MS Excel

CA Vishal Zawar

Enroll Now

20 May 2024
Live Course on GST on Online Gaming(With Recording)

CA Vishal G Poddar

Enroll Now

11 May 2024
Live Course on Drafting of appeal and reply of penalty notice, Rectification and stay of demand (with recording)

CA Sachin Sinha

Enroll Now

25 May 2024

view all classess

CCI Pro

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings