ITC ON RESTAURANTS

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12 Points Posted on 15 September 2020
Is there any way to claim ITC on expenses incurred by restaurants. Sales made only through swiggy and zomato and what is the effective GST rates.
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On 15 September 2020 at 23:03 Report
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Quick Summary
This discussion clarifies Input Tax Credit (ITC) for restaurants, particularly those selling solely through Swiggy and Zomato. Generally, restaurants are restricted from claiming ITC, leading to a 5% GST rate. However, a key exception exists for restaurants within hotels where room tariffs exceed £7500, allowing them to charge 18% GST with full ITC.

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Jr. Account & Finance Manager
213 Points Posted on 17 September 2020
5% with No ITC
18% with ITC Claim
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On 17 September 2020 at 09:17
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CONSULTANT
72 Points Posted on 18 March 2021
You cannot claim ITC .... in term of Notification 46/2017 CT(r) the Restaurant Service provider are not allowed to claim ITC , it's 5% without ITC.

Note
Only Restaurants in hotel where room tariff is 7500/- or more , need to charge 18% with full ITC
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On 18 March 2021 at 11:06

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