we pay 18 percent gst on rented restaurant
can we take Input on that
I know the good and service for preparing the food we are not able to claim it.
but for rent on shop is input available ???
Menu
input credit on restaurant
Replies (4)
If the Restaurant is charging 5% GST on its outwards supplies, no Input Tax Credit is available for any supplies.
This if you are charging 5% Output you will not be eligible for Input Tax Credit on Rent Also.
Ty sir for the reply
Sir most of restaurants that are on rent have applied for itc and no one has had any issues and when asked about it they are saying it is not the part of food preparing. I m confused how are they not getting into trouble
Sir most of restaurants that are on rent have applied for itc and no one has had any issues and when asked about it they are saying it is not the part of food preparing. I m confused how are they not getting into trouble
The law and the Departments will take its own course in due time
Can restaurant business claim ITC on capital goods.?
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