Menu
Restaurants 5%
Restaurants normally rate 5% can they claim itc??
Replies (7)
Yes they can of they are not registered under composition scheme
Not Allowed....
Incase of both Composition Scheme and Regular Scheme , the Restaurant Service Providers are not allowed to claim INPUT TAX CREDIT ( ITC ).
COMPOSITION SCHEME :
GST RATE : 5% ( ITC Blocked )
REGULAR SCHEME :
GST RATE : 5% ( without ITC )
Regards.
Incase of both Composition Scheme and Regular Scheme , the Restaurant Service Providers are not allowed to claim INPUT TAX CREDIT ( ITC ).
COMPOSITION SCHEME :
GST RATE : 5% ( ITC Blocked )
REGULAR SCHEME :
GST RATE : 5% ( without ITC )
Regards.
@ Shivam is correct. I missed out the notification. You cannot claim itc in restaurants
Can you please mention particular notification for restaurants in regular scheem and rate 5%
As per Notification no. 46/2017 CT ( RATE ) dated 15-11-2017, GST Rate for Restaurant is 5% without ITC.
Hence, Restaurant cannot claim ITC.
Hence, Restaurant cannot claim ITC.
the restaurant service a composite supply??
yeah natural bundle
Recent Topics :
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
Related Topics :
CAclubindia
