Franchise base Restaurant
This query is : Resolved
Fremi Vasani
(Querist)
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???
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
(Expert)
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.
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.
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