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Restaurant Business
A dealer engaged in Restaurant Business and is a regular dealer and he is going with 5 %scheme so can he collect the Tax from the customers when he is not taking ITC or he should not collect 5%Tax.
Replies (5)
Yes, 5% tax will be collected from customer but you can not take any credit.
Ok whats the section for this
Standalone restaurants are eligible to collect tax at 5% with no ITC. If you have opted for composition scheme then you are not eligible to collect tax and the availment of ITC does not arise
The rate of 5% without ITC is prescribed in Notification 46/2017 CT (R) , DTD.14/11/2017.
Whats differnce between 5% GST regular and composition rules of GST
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