hello sir
I m confused about the rate of gst applicable on the business of restaurant and bakery
I m still charging 12% 18% as per the goods supplies
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Gst rate for restaurant and bakery business
Replies (2)
12% with ITC Facility or 5% without ITC , Since 23'rd GST Council meeting in Feb 2018.
Incase of both Composition Scheme and Regular Scheme , the Restaurant Service Providers are not allowed to claim INPUT TAX CREDIT ( ITC ).
COMPOSITION SCHEME :
GST RATE : 5% ( ITC Blocked )
REGULAR SCHEME :
GST RATE : 5% ( without ITC )
Regards.
COMPOSITION SCHEME :
GST RATE : 5% ( ITC Blocked )
REGULAR SCHEME :
GST RATE : 5% ( without ITC )
Regards.
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