Vat and GST on Bar & Resto
This query is : Resolved
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18 December 2023
Hello All,
Our sister concern is a Restaurant and GST of 5% as per GST rates is charged to the customers , can ITC of 18% and 12% on the rawmaterials be claimed or only 5% is allowed to be availed
Please advice .
Our sister concern is a Restaurant and GST of 5% as per GST rates is charged to the customers , can ITC of 18% and 12% on the rawmaterials be claimed or only 5% is allowed to be availed
Please advice .
14 January 2024
5% without ITC should be applicable here as per my understanding
18 January 2024
Thank you Sir, even I think so. but then we might end up paying 18 % which would be an additional exps.
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