Franchise base Restaurant

This query is : Resolved

Fremi Vasani (Querist)
Follow

21 December 2022 Client Registered under normal scheme in GST. WE are charging 5% GST on bill Amount. Client is in Favour of availing Input tax credit on Input, input services and Capital Goods.

1. Wheter ITC will be availble on Input , Input Service and capital Goods. also reply whether we are charging correct GST on bill or not???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

22 December 2022 You are charging right GST of 5%.
ITC not available for this.
Under GST, restaurants fall under the 5% GST rate, with no option to claim input tax credit (ITC) or the 18% GST rate, with ITC claims.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok