Hi friends,
In restaurants if we are charging 5% GST on food & beverages , can i avail GST input on capitalised assets.please confirm
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Restaurants - capital assets itc
Replies (4)
No......... if under Composition scheme..........
Yes, to capital assets provided under normal registration........
Yes... I agreed to Mr Dhirajlal Rambhia Sir.
Hi Sir,
Thanks you very much.
From 15th Nov 2017 we opted 5% GST. but our turn is above 120 lakhs. can we avail GST input on Capital assets. please confirm
Please give details for the Purchase and it's scheme..
*From 15th November You opt 5% GST means what?
*It's under Composition...?
*When You reach the Turn Over above 1cr...?
*When You purchase the Asset...?
*Are you convert to Regular after reach Turn Over above 1cr...?
*From 15th November You opt 5% GST means what?
*It's under Composition...?
*When You reach the Turn Over above 1cr...?
*When You purchase the Asset...?
*Are you convert to Regular after reach Turn Over above 1cr...?
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