Rate of tax on restaurant for inside supply and parcels, whether ITC eligible or not in this case
This query is : Resolved
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Venkateshwarlu Pulluri
(Querist)
20 January 2024
Dear sir/s, can restaurant eligible to claim ITC, whose annual turnover is below 1 crore, and which rate applicable to outward supplies both for inside restaurant and parcels by them
CA R SEETHARAMAN
(Expert)
20 January 2024
5% GST applicable no ITC.
Venkateshwarlu Pulluri
(Querist)
20 January 2024
thank you very much sir, is this also applicable up to annual turnover 1.5 crores
CA R SEETHARAMAN
(Expert)
21 January 2024
Irrespective of turnover 5% GST applicable.
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