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Input Tax credit on restaurant business

ITC / Input 229 views 4 replies
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Accounts Executive
51 Points Posted on 27 April 2018
Can restaurant business avail ITC?
Can multiple businesses ITC adjusted against restaurant business?
Pleasereply..
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On 27 April 2018 at 21:42 Report
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Chartered Accountant
86505 Points Posted on 27 April 2018
Yes you can claim ITV
814 Reply
On 27 April 2018 at 22:05
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Accounts Executive
51 Points Posted on 27 April 2018
Thank you for reply. But restaurant business of 5 gst can avail any ITC. If yes please say notification number. It will so helpful to me.
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On 27 April 2018 at 22:10
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GST Practitioner
55067 Points Posted on 27 April 2018
No , the resturant service provider cannot avail ITC , As per notification 46/2017 CT(r) without ITC , charge 5%
301 Reply
On 27 April 2018 at 23:25
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Chartered Accountant
86505 Points Posted on 29 April 2018
Those restaurant charging 5% GST are not eligible for ITC....
814 Reply
On 29 April 2018 at 19:43


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