Rate of gst for restaurants and caterers is specified @ 5% but they can't claim ITC. This is to give relief to consumers.
Whether they can charge gst @ 18% if they want to claim itc?
Menu
Do restaurants have option to charge gst@18% with claim of ITC?
Replies (1)
In case of restaurant if anyone registered themself in GST under composition Scheme then GST rate will 5% and cannot avail any ITC.
but if they registered under regular registration they can claim ITC and have to charge 18% GST from customer.
soo if you want to charge 18% switch Composition scheme to regular.
Then they can avail the ITC as well as charge GST @ 18%.
but if they registered under regular registration they can claim ITC and have to charge 18% GST from customer.
soo if you want to charge 18% switch Composition scheme to regular.
Then they can avail the ITC as well as charge GST @ 18%.
Recent Threads
- Donation deduction in ay 22-23
- ITR Filing for NRI (Dubai) – TDS u/s 194H &a
- CA Final Group 1 Exam - AFTER A LONG GAP
- What accounting software works best for small busi
- Accumulated amount received from pf account
- Sec.10 (10D) Tax Benefit not available to PaidUp p
- Seeking your expert view on GST return disclosure
- GST on rent a car Business , GST Query
- Need CA for Turnover Certificate & Tender (Del
- Schedule CFL is not saving 0 as carry-forward loss
Related Threads
CAclubindia
