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Dear experts, a canteen rent paid Rs.30000 and GST paid at 18%, on what conditions ITC may be claimed on sales of tea, coffee snacks sold. Will any one please clarify?
Replies (2)
My Mindvoice: ITC is not available for supply of food and beverages, right?...🤔🤔
If you're paying 5% tax on your outward supplies, you're not eligible to claim ITC.
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