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GST on Restaurant business
If ITC claimed, 18 percent tax shall payable instead of 5 on food in restaurant business?
Replies (2)
One can not charge 18% GST instead of 5% for input tax credit , for standalone restaurants Business you have to charge 5,% with no input tax credit .
If you are in composition scheme then also no Input Tax credit . you have to pay 5% .
If you are in composition scheme then also no Input Tax credit . you have to pay 5% .
My client paying rent to the building owner with 18 percent and the owner uploading it on GST PORTAL. So my client want to claim that as ITC. Then what is the conditions?
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