Gst for restaurant

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68 Points Posted on 30 July 2020
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
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On 30 July 2020 at 10:26 Report
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This discussion clarifies GST rates for restaurants, differentiating between the normal scheme (12% with ITC or 5% without ITC) and the composition scheme (5%). For restaurants with a turnover of 30-35 lakh, the 5% rate without ITC is generally preferred, though specific circumstances may warrant a different approach. It also touches upon the eligibility to claim RCM credit on rent when opting for the 5% scheme without ITC.

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26 Points Posted on 30 July 2020
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.
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On 30 July 2020 at 13:57
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1313 Points Posted on 30 July 2020
In your case, GST Rate:5% (without ITC) is preferable.
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On 30 July 2020 at 14:42
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68 Points Posted on 30 July 2020
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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On 30 July 2020 at 14:51

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