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GST on Restaurant business

KUMAR SWAMY MASNA (accountant) (103 Points)

07 May 2021

If ITC claimed, 18 percent tax shall payable instead of 5 on food in restaurant business?

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2 Replies

prasad Nilugal (3924 Points)
Replied 07 May 2021

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% .

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KUMAR SWAMY MASNA (accountant) (103 Points)
Replied 07 May 2021

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?