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GST input of capital goods in case of restaurant
whether GST Input of capital goods is allowable in case of restaurant???
Replies (4)
Mention your gst registration type? regular or composition type
regular
As per notification 46/2017 CGST (r)
Restaurants without ITC, charge 5%
So No ITC is available to restaurant Services
Restaurants without ITC, charge 5%
So No ITC is available to restaurant Services
No ITC on restaurants
As per Notification No. 46/2017-Central Tax (Rate), dated 14th November 2017, standalone restaurants will charge only 5% GST but cannot enjoy any ITC on the inputs.
As per Notification No. 46/2017-Central Tax (Rate), dated 14th November 2017, standalone restaurants will charge only 5% GST but cannot enjoy any ITC on the inputs.
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