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

Pradeep Jain | Last updated: 07 June 2018

Save Share

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 restaurants and restaurants situated in hotel, club, guest house, etc. which has declared tariff of any room less than Rs. 7500/-. This rate is subject to the condition that no ITC is availed on the goods

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 Community
Daily E-Newsletter
Unlimited Articles Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

View all CCI PRO benfits

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

16212 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

Comments :