Menu
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?
Recent Threads
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
- New form 139 as per Tax Act 2025
- In GST maintain invoices or bill in excel instead
Related Threads
CAclubindia
