As per the Act and the new notification given the rate of GST is 5% with No ITC.
SO THERE ARE TWO QUERIES
1. What if I am taking ITC so what is the GST rate that I have to charge.
2. If I have not followed 5% with No ITC, then when can I start following the same. From Next month beginning transactions or from next Financial Year.
Menu
GST Rate related to Food services by Restaurants
Replies (2)
You cannot claim ITC .... in term of Notification 46/2017 CT(r) the Restaurant Service provider are not allowed to claim ITC , it's 5% without ITC.
Note
Only Restaurants in hotel where room tariff is 7500/- or more , need to charge 18% with full ITC
Note
Only Restaurants in hotel where room tariff is 7500/- or more , need to charge 18% with full ITC
5% without ITC is for both Nomal Registered person and Composition Scheme Registered person also
please help with this query
please help with this query
Related Topics
CAclubindia
