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Gst credit on food items in restaurant business

ITC / Input 153 views 7 replies
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Accounts and Finance
84 Points Posted on 29 November 2017
Since standalone restaurant will charge 5%gst on restaurant business ,so will they credit on gst paid on telephone, electricity and other expenses??
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On 29 November 2017 at 09:31 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 29 November 2017
If composition then no need....
463 Reply
On 29 November 2017 at 09:34
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Accounts and Finance
84 Points Posted on 29 November 2017
no it's not under composition scheme
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On 29 November 2017 at 09:35
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"Do the Right Thing...!!!"
128147 Points Posted on 29 November 2017
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....
463 Reply
On 29 November 2017 at 09:41
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245 Points Posted on 03 December 2017
no they will not get any credit
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On 03 December 2017 at 01:48
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245 Points Posted on 03 December 2017
raja ji don't pass wrong msg
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On 03 December 2017 at 01:48
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"Do the Right Thing...!!!"
128147 Points Posted on 03 December 2017
Yes... I agreed to You....
463 Reply
On 03 December 2017 at 07:16
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"Do the Right Thing...!!!"
128147 Points Posted on 03 December 2017
Thanks for the correction
463 Reply
On 03 December 2017 at 07:16


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