Restaurant gst 5% but gst purchase goods 5%, 12%,18%& 28%
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2018
DEAR SIR/MADAM
IF RESTAURANT SALE GST 5% & INPUT CREDIT IS NOT AVAILABLE ON GOODS PURCHASED FOR RESTAURANT FROM 16.11.2017.
BUT IF GST PURCHASED GOODS GST RATE IS 12%, 18% & 28% ETC. SUCH AS DAIRY PRODUCTS, COLD DRINKS, KARYANA GOODS ETC.
CAN WE CLAIM INPUT CREDIT OF CGST/SGST/IGST IN RESTAURANT GST PAYABLE AMOUNT OR NOT??
PLEASE REPLY THE SAME.
I SHALL BE VERY THANKFUL TO YOU FOR THE SAME.
IF RESTAURANT SALE GST 5% & INPUT CREDIT IS NOT AVAILABLE ON GOODS PURCHASED FOR RESTAURANT FROM 16.11.2017.
BUT IF GST PURCHASED GOODS GST RATE IS 12%, 18% & 28% ETC. SUCH AS DAIRY PRODUCTS, COLD DRINKS, KARYANA GOODS ETC.
CAN WE CLAIM INPUT CREDIT OF CGST/SGST/IGST IN RESTAURANT GST PAYABLE AMOUNT OR NOT??
PLEASE REPLY THE SAME.
I SHALL BE VERY THANKFUL TO YOU FOR THE SAME.
18 January 2018
No input credit of CGST/SGST/IGST available for restaurant service.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Offsetting interest income against derivative trading losses
- GST Annual Returns filing due date
- Payable outstanding for years disallowance
- RCM - commercial rent paid to URP under GST
- SEC 54 OF IT ACT
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- Need help with business structure for setting up a new business
- TDS applicability on Service through ECO
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
