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GST rates of Hotel and Restaurant's Industry - whether regular or composition scheme?

Rate / HSN codes 993 views 10 replies

Piyush Shirodkar

CA Final Student

1358 Points Posted on 28 August 2018

GST rates of Hotels and Restaurant's as on date are:

18% with ITC
5% without ITC

So my query is, whether "5% without ITC rate", is it regular or composition scheme?

Replies (10)

Pankaj Rawat

GST Practitioner

55067 Points Posted on 28 August 2018

In case of restaurant services:

For both , as composition dealer cannot claim ITC , & regular dealer not eligible for ITC as per Notification 46.

Vinod Babu

24196 Points Posted on 29 August 2018

No ITC on restaurants

As per Notification No. 46/2017-Central Tax (Rate), dated 14th November 2017, standalone restaurants will charge only 5% GST but cannot enjoy any ITC on the inputs.

Piyush Shirodkar

CA Final Student

1358 Points Posted on 29 August 2018

What if restaurant has opted GST @ 18%?
Can they claim ITC in that case?

Pankaj Rawat

GST Practitioner

55067 Points Posted on 29 August 2018

NO THE RESURANT CANNOT OPT FOR 18% GST ON FORWARD CHARGE

dushyant sharma

STUDENT

50 Points Posted on 17 June 2019

SO IT MEANS WETHER THE PERSON HAVE OPTED COMPOSITION OR REGULAR RATE IS 5% BUT NOT TO AVAIL OR UTILIZE INPUT CREDIT .

DO I AM CORRECT

dushyant sharma

STUDENT

50 Points Posted on 17 June 2019

SO IT MEANS WETHER THE PERSON HAVE OPTED COMPOSITION OR REGULAR RATE IS 5% BUT NOT TO AVAIL OR UTILIZE INPUT CREDIT . DO I AM CORRECT

dushyant sharma

STUDENT

50 Points Posted on 17 June 2019

SO IT MEANS WETHER THE PERSON HAVE OPTED COMPOSITION OR REGULAR RATE IS 5% BUT NOT TO AVAIL OR UTILIZE INPUT CREDIT . DO I AM CORRECT

dushyant sharma

STUDENT

50 Points Posted on 17 June 2019

SO IT MEANS WETHER THE PERSON HAVE OPTED COMPOSITION OR REGULAR RATE IS 5% BUT NOT TO AVAIL OR UTILIZE INPUT CREDIT . DO I AM CORRECT

Pankaj Rawat

GST Practitioner

55067 Points Posted on 18 June 2019

yes correct !!!!!!!!!!!!

hourlyhotels

web design

22 Points Posted on 10 October 2020

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