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?
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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%.
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