ITC on capital goods of restaurants
krati (student) (34 Points)
22 January 2019
can we claim itc on capital goods of restaurants purchased eg. a.c. , tables, chairs etc.?
Arunn Auto Sparess
(203 Points)
Replied 22 January 2019
shailendra shukla
(Bhopal)
(1729 Points)
Replied 22 January 2019
Shivam RC
(Student)
(23638 Points)
Replied 22 January 2019
NITIN KOTAK
(SERVICE)
(1459 Points)
Replied 22 January 2019
CA Akshay Hiregange
(Partner - Audit & Assistance)
(3192 Points)
Replied 22 January 2019
Yes agreed. Although, if accommodation is Rs. 7,500 or more per day, then the restaurant in such hotel requires to charge 18%. ITC then fully eligible on capital goods, inputs & input services.
HSN 9963, serial (ix) of notification 11/2017-CT(R)
Deepak sharma
(Learner)
(1430 Points)
Replied 02 March 2019
What if one state's restaurant branch1, transfering capital goods to another branch2 outside state,
Does they need to raise invoice & charge GST ?
Can Branch2 can take ITC of the same ?
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