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Restuarant regular scheme
Is it true that for restuarant regular dealer it is not allowed to claim input tax and also is it allowed to capital goods?
Replies (6)
HE CANNOT CLAIM ITC ON CAPITAL GOODS ALSO.
yes, it is true.
As per Notification no. 46/2017 , Rate for Restaurant is 5% without ITC.
Hence Restaurant cannot claim ITC.
No ITC even on capital goods.
Hence Restaurant cannot claim ITC.
No ITC even on capital goods.
Yes, it's True that Restaurant cannot claim ITC.
Refer the Notification said by Vinod Sir.
Refer the Notification said by Vinod Sir.
what will be the gst rate, if restaurant want to claim ITC
There is fixed rate of 5% without ITC , Restaurant service provider are not allowed to claim ITC
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