banner_ad

claiming of itc for restaurant

ITC / Input 1352 views 3 replies
can I take ITC on inputs purchased for business purpose?
Replies (3)
In 23rd Meeting of Gst council, it was held that :
ITC CANNOT BE CLAIMED IN RESPECT OF INPUTS USED IN THE RESTAURANT BUSINESS.
THE RATE OF GST WAS REDUCED TO 5% FROM 18%,SINCE,RESTAURANTS WERE NOT PASSING BENEFITS OF ITC TO CUSTOMERS.

THEREFORE, U CANNOT CLAIM ITC FOR INPUTS USED IN RESTAURANT BUSINESS.
INWARD SUPPLY OF FOOD & BEVERAGES TO a supplier who is providing RESTAURANT SERVI... CAN WE CLAIM ITC ?

but if the restaurant charge 18% under 996332 whether itc is applicable or not


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details