B Vinay Reddy (Hyderabad ) (7842 Points)
15 November 2017Hello Foodies🍽!!!
From Today onwards i.e, 15th of November Restaurant tax rates are dropped down from *18% to 5%.⬇*
So,double check your bills and don't pay anything more than MRP🔖 even for water bottles,cokes etc.,
*Eat wisely*
Thanks & Regards
*Vinay Reddy*
B Vinay Reddy
(Hyderabad )
(7842 Points)
Replied 15 November 2017
B Vinay Reddy
(Hyderabad )
(7842 Points)
Replied 15 November 2017
dinesh kumar choudhary
(chief accountant)
(42 Points)
Replied 15 November 2017
B Vinay Reddy
(Hyderabad )
(7842 Points)
Replied 15 November 2017
AMBUJ SHARMA
(CHARTERED ACCOUNTANT)
(243 Points)
Replied 15 November 2017
rates has been notified vide notification no. 46/2017 -cgst (rates)
Anmol Singla
(808 Points)
Replied 15 November 2017
Sridevi
(Accountant)
(380 Points)
Replied 15 November 2017
Hi Vinay Reddy,
My doubt is 5% Tax on Hotels without ITC. Without ITC means for the customers or for the hoteliers.
Regards
Anisha
(Finance)
(69 Points)
Replied 15 November 2017
| Originally posted by : Anmol Singla | ||
 |
is this also applicable to dominos, mc Donald's, pizza hut etc |  |
The press release states that
"All stand-alone restaurants irrespective of air conditioned or otherwise, will attract 5% without ITC. Food parcels (or takeaways) will also attract 5% GST without ITC."
Yes this is applicable to McDonalds, Pizza Hut etc
Sridevi
(Accountant)
(380 Points)
Replied 15 November 2017
So, this tax, is it helpful for regular customers or not. I have a doubt?
Siddharth Kishan Mane
(Tax Consultant)
(283 Points)
Replied 15 November 2017
Namaskar,
Wot u mean by wothout ITC ??
Abhiz
(Associate F & A)
(218 Points)
Replied 15 November 2017
means they can charge 5% GST but input tax credit (ITC) is not applicable on their purchases/inward supplies
B Vinay Reddy
(Hyderabad )
(7842 Points)
Replied 15 November 2017
CAclubindia
