Pankaj Rawat
(GST Practitioner)
(55032 Points)
Replied 14 December 2018
NAGESWARAN
(ACCOUNTANT)
(834 Points)
Replied 14 December 2018
CA. Mayur M. Mamtora
(Chartered Accountant)
(162 Points)
Replied 14 December 2018
NAGESWARAN
(ACCOUNTANT)
(834 Points)
Replied 14 December 2018
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13531 Points)
Replied 15 December 2018
For restaurent business GST rate is 5% without ITC. if a restaurent is sitauted in own building or in a stand alone building (not inside any hotel where room rent is 7500 or more or inside a hotel where room rent is less than 7500/-).
if on the other hand it is situated inside an hotel with room rent of Rs 7500/- or more then it can claim ITC with GST at 18%.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"