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Gst for restaurant
what is GST rate for Restaurant under regular gst and under composition scheme and which scheme should opt for restaurant with turnover 30-35 lac
Replies (3)
Under normal gst - 12%(with ITC) or 5%(without ITC)
under comp SCH - 5%
it is preferred option to follow 5%(without ITC),
but other exceptional situation should be considered,that is Subjective.
under comp SCH - 5%
it is preferred option to follow 5%(without ITC),
but other exceptional situation should be considered,that is Subjective.
In your case, GST Rate:5% (without ITC) is preferable.
Thanks for reply, but one more question, can we take credit of rcm on rent if I took 5℅ without ITC
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