GST Rate related to Food services by Restaurants

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Student
142 Points Posted on 03 January 2020
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.
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On 03 January 2020 at 23:39 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) rates applicable to restaurant food services. Generally, the rate is 5% without the ability to claim Input Tax Credit (ITC). However, restaurants operating within hotels where room tariffs exceed £7500 per night are subject to an 18% GST rate with full ITC. The query also addresses when a business can switch to the 5% rate if they were previously unable to follow it.

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GST Practitioner
55067 Points Posted on 07 January 2020
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
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On 07 January 2020 at 01:04
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Student
142 Points Posted on 07 January 2020
5% without ITC is for both Nomal Registered person and Composition Scheme Registered person also


please help with this query
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On 07 January 2020 at 14:05

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