Reversal of ITC in case of reduction in tax rate on restaurant services

Pradeep Jain , Last updated: 07 June 2018 Share Follow on Google News

In 23rd meeting of GST Council, it was decided to reduce the tax rate on restaurant services with no facility of ITC. Notification no. 46/2017-Central Tax (Rate) dated 14-11-2017 has been issued to implement this decision. This notification prescribes the rate of tax at 2.5% CGST on standalone resta

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Broadcasts
Daily E-Newsletter
Unlimited Articles Access

BEST VALUE

2 YEAR PLAN

3,499

(Inclusive of GST)

1 YEAR PLAN

1,999

(Inclusive of GST)

Buy CCI PRO Now

Already a PRO member? Login here for an ad-free experience.

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

16184 Views 12 Likes Comment Share GST Report

About the Author

Pradeep Jain

F.C.A.

To see may profile, visit www.capradeepjain.com. you can reach us to ourpage on www.facebook.com/GSTTODAYBYPRADEEPJAIN/ ,follow us at our twitter account atwww.twitter.com/ @ capradeepjain21 and at Linkedin athttps://www.linkedin.com/in/ca-pradeep-jain-b6a31a16/

View Articles

Reversal of ITC in case of reduction in tax rate on restaurant services

You have reached your daily limit of 2 Free Articles

Why Upgrade to CCI PRO?

Pradeep Jain

Related Articles

Popular Articles

Trending Online Classes

Browse by Category

Latest Job Openings

CA Article

Accounts & Taxation Executive

Senior Accountant

CA Articled Trainee And Paid Assistant

Taxation Content Writer Intern

Chartered Accountant (Indirect Taxation)

Manager - Finance & Accounts

AVP / VP - PCG Advisory