ITC CLAMING PURPOSE
This query is : Resolved
Quick Summary
26 July 2023
Dear Experts
My client has been start PIZZA restaurant. Now he has been charge 5% GST on PIZZA. Now he can take any ITC like raw material, computer, etc.... in this case ?
My client has been start PIZZA restaurant. Now he has been charge 5% GST on PIZZA. Now he can take any ITC like raw material, computer, etc.... in this case ?
26 July 2023
No. ITC is not eligible with 5% GST rate on restaurants.
Message likes :
1 times
13 September 2024
Good luck.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- Computation of Dividend
- ITR 44AD SECTION
- GST ISD Query on various AMCs
- Taxation on Old jewellery sold
- Correction in TDS return New Traces Portal
- Short Term Gain Reporting ITR
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
