Gst credit on food items in restaurant business
Since standalone restaurant will charge 5%gst on restaurant business ,so will they credit on gst paid on telephone, electricity and other expenses??
Replies (7)
If composition then no need....
no it's not under composition scheme
Then Yes....
He Can avail the benefit of ITC from the Telephone bills and other expenses. But, The GSTIN and Name is in that expense bills....
He Can avail the benefit of ITC from the Telephone bills and other expenses. But, The GSTIN and Name is in that expense bills....
no they will not get any credit
raja ji don't pass wrong msg
Yes... I agreed to You....
Thanks for the correction
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