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input tax

ITC / Input 427 views 5 replies
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9 Points Posted on 10 August 2018
sir my friend is running restaurant and bakery cum sweet shop.can he claim input tax on purchase of sweets /bakery items.he is not claiming any input tax credit for purchases made for restaurant. kindly guide me in this regard
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On 10 August 2018 at 14:50 Report
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Nil
2791 Points Posted on 10 August 2018

He may be registered under composition scheme 

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On 10 August 2018 at 15:16
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9 Points Posted on 10 August 2018
Sir He can not opt composition scheme as he is running another firm having same PAN as regular dealer
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On 10 August 2018 at 15:21
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48 Points Posted on 10 August 2018
Restaurant services cannot be availed under ITC under the latest amendment
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On 10 August 2018 at 16:18
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9 Points Posted on 10 August 2018
Sir In addition to Restaurant Services he is selling Sweets and Bakery items in same shop
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On 10 August 2018 at 16:32
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48 Points Posted on 10 August 2018
That doesn't matter the items he purchase from a restaurant doesn't have ITC
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On 10 August 2018 at 23:21


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