what is gst rate applicable when there is sweet shop and also selling bakery items and also running restaurant all are under one roof and also selling cold drink choklates etc
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) applicable to businesses operating a restaurant, bakery, and sweet shop from a single location. It addresses the common scenario where a 5% GST rate applies to restaurants if Input Tax Credit (ITC) is not claimed. The advice confirms that ITC cannot be claimed in such cases, even if separate accounting records are maintained for different business segments.