ITC CLAMING PURPOSE


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Quick Summary
If you're running a pizza restaurant and charging 5% GST, you generally cannot claim Input Tax Credit (ITC) on expenses like raw materials or computers. This is because the 5% GST rate applicable to restaurants means ITC is not eligible. Consult with experts for specific guidance on your situation.

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 ?

26 July 2023 No. ITC is not eligible with 5% GST rate on restaurants.

13 September 2024 Good luck.


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