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

Pradeep Jain , Last updated: 08 December 2017  
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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

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Pradeep Jain
(F.C.A.)
Category GST   Report

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