GST input of capital goods in case of restaurant
Anil Lodha (student) (69 Points)
19 June 2018
whether GST Input of capital goods is allowable in case of restaurant???
4 Replies
Vinod Babu
(24191 Points)
Replied 19 June 2018
Mention your gst registration type? regular or composition type
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 June 2018
As per notification 46/2017 CGST (r)
Restaurants without ITC, charge 5%
So No ITC is available to restaurant Services
Restaurants without ITC, charge 5%
So No ITC is available to restaurant Services
Vinod Babu
(24191 Points)
Replied 19 June 2018
No ITC on restaurants
As per Notification No. 46/2017-Central Tax (Rate), dated 14th November 2017, standalone restaurants will charge only 5% GST but cannot enjoy any ITC on the inputs.
As per Notification No. 46/2017-Central Tax (Rate), dated 14th November 2017, standalone restaurants will charge only 5% GST but cannot enjoy any ITC on the inputs.
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