in case of restaurants itc is disallowed but in case of outdoor catering and banquet services itc is allowed. now my client owns a restaurant and they provide catering services as well. how should they charge the customers for catering and banquet services?
Also the premises is on rent so can they claim itc of the same?
input tax credit
Replies (3)
They should maintain separate books of account for catering and restaurants as credit pertaining to outdoor catering will be available and for restaurant it is not available.
whar about the rent of the premises n itc relating to it?
Proportionately to extent of outdoor catering will be allowed
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